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 biaomeveryday
Joined: 16 Nov 2008
Posts: 2
1.55 Dollars($)
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 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 $2 million at the time I die? Any kind advice would be greatly appreciated. Thank you vey much in advance. |
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smithsussane
Joined: 18 Sep 2008
Posts: 4515
Location: Alaska
440.39 Dollars($)
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| 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 |
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biaomeveryday
Joined: 16 Nov 2008
Posts: 2
1.55 Dollars($)
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| 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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