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name removal from property deed?

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catzeyein Joined: 12 Oct 2010 Posts: 2 1.86 Dollars($)	Posted: Tue Oct 12, 2010 4:49 pm    Post subject: name removal from property deed? Like 0 Dislike 0 Hello I am from NY. How can I remove my name from the property a deed that has my name first then my moms, so my mom can qualify for property tax exemption. And how can i still retain some form of ownership? The house is paid off, never had a mortgage on it. What legal form or paperwork needs to be done, so in case she passes away suddenly i would still have ownership of this house?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue Oct 12, 2010 9:11 pm    Post subject: Like 0 Dislike 0 Hi catzeyein, You can sign a quitclaim deed in order to remove your name from the property deed and transfer the property to your mother. Once you sign the deed, you won't be able to retain any ownership. Your mother can draft a will and declare you as her beneficiary. Thus, after her death, you will be able to claim the property. _________________ Procrastination is the enemy of your financial success

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