View Single Post
 
Old 02-20-2015, 02:22 PM
outahere outahere is offline
Senior Member
Join Date: Sep 2013
Location: OH, TN, KY, PA, NY, CO, NH, MA and now TV
Posts: 295
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by rubicon View Post
We may not wait and we have been considering placing our children on the deed because in our situation there is nothing to indicate any dispute
As I indicated in my post above, you could potentially be opening up yourself to losing your house if one of your children gets a judgement against them, and they are on your deed. You should also check the tax consequences if you place them on the deed. I think they may have a tax liability on their portion of the value of your house. I'd suggest consulting a real estate and/or tax attorney before proceeding.

Last edited by outahere; 02-20-2015 at 05:29 PM.