Thursday, December 31, 2009

What is the most inexpensive way to add a spouse to a property deed?

Property is in Travis County.What is the most inexpensive way to add a spouse to a property deed?
Quitclaim deeds are commonly used to transfer real property between spouses or to add a spouse to the title because the spouse who previously owned the property probably already has some sort of warranty deed, so further warranties don't need to be made to new spouse.





If you bought the property when you were single, any property purchased prior to the marraige is the seperate property of the spouse who purchased it. Thus given no other circumstances this is your own seperate property. However the big qualification is that when you as a couple comingle property that is used as if it is both of yours then it can be considered community property. If you were to get divorced (... forbid) this could be a major issue to be argued over at a high cost to both of you by your attorneys. If you want this to be community property and I assume you do then you simply need to sign a quit claim deed assigning the spouse that interest. The best way to do this is to go through a reputable title company who will take care of everything for you at a low cost.What is the most inexpensive way to add a spouse to a property deed?
take the deed to the court house. Thats how it would be done in Iowa.

No comments:

Post a Comment