Adding Wife to Deed: I purchased a house in 2002 when I was single. I got married in 2005 and now I want to add my wife onto the deed. What kind of deed should I use? How simple is it to use this kind of deed? What kind of costs are involved? Do we have to pay tax to add her to the deed?
It should be a relatively simple and inexpensive process. As to whether there are any recording fees or taxes, that varies considerably from state to state so that the attorney that you have prepare the deed can advise you. The actual names of deeds also vary by state and custom so you'll want to use whatever deed is conventional in your area. Since the transfer to your wife is a gift by you to her in some areas a "Gift Deed" might be used. There are a number of issues that you should consider before making your simple transfer:
Your question is a great one in that it illustrates that even a simple transaction can have a myriad of legal, financial and other implications. This is the problem with most self help legal books and on line web sites. The answers in some cases are not obvious and entail a degree of legal judgement that no fill in the blank form can provide. Without meeting with an attorney that has a grasp of the many issues of home ownership, you really can't be sure how to best transfer, if at all, your house to your wife. Spousal ownership of a home, ubiquitous in America, is unfortunately not simple to plan. Get some professional guidance to be certain you're making the right moves.
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