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What is the best finacial way to title a house daughter is going to live in while going to school

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Icon Mini Profile bethevan





Joined: 15 Aug 2011

Posts: 2

1.34 Dollars($)
Post Posted: Mon Aug 15, 2011 6:11 am    Post subject: What is the best finacial way to title a house daughter is g
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My daughter is going to acollege that doesnt have housing so we decided to buy a cheap house instead of her paying rent. What would be the best way to title the house. In her name or ours or both
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10443
Location: Nevada
984.98 Dollars($)
Post Posted: Mon Aug 15, 2011 7:23 pm    Post subject:
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Hi bethevan,

It will be your discretion whether or not you want your names as well as your daughter's name mentioned in the property deed. If you want your daughter to be the sole owner of the property, then you should mention only her name in the property deed. But, if you want to remain as one of the owners of the property, then both your name as well as your daughter's name should be mentioned in it. You can contact a real estate attorney and he will draft the property deed for you.

Thanks
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