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How to transfer deed to my grand daughter

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Icon Mini Profile biaomeveryday





Joined: 16 Nov 2008

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1.55 Dollars($)
Post Posted: Sun Nov 16, 2008 6:35 pm    Post subject: How to transfer deed to my grand daughter
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I am a foreigner who bought a house in California a few years ago. I do not own any mortage on the house. I am planning to add my only grand daughter to my house deed, who is now 5 years old and has dual citizenships. I would like it to be a join tenant with rights of survivorship. Is it possible to add a minor to a deed and does my grand daughter still have to pay estate taxes assuming it is more than $2 million at the time I die? Any kind advice would be greatly appreciated. Thank you vey much in advance.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Sun Nov 16, 2008 6:59 pm    Post subject:
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Hi biaomeveryday!

Welcome to forums!

As far as I know, minors cannot be added to the property with the help of any deed. However, they may inherit property. As your grand-daughter is only 5 years old, I think you won't be able to add her to the title of the property.

Feel free to ask if you have further queries.

Sussane
Icon Mini Profile biaomeveryday





Joined: 16 Nov 2008

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1.55 Dollars($)
Post Posted: Sun Nov 16, 2008 7:15 pm    Post subject:
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Sussane,

Thank you very much for the kind and quick response.
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