changing names on property deeds

Guest 0.10 Dollars($)

How do I add my wifes name onto our property deed? i purchased it before we were married.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi terry.

Welcome to the forum. You can use a quitclaim deed or Interspousal Transfer deed to add you wife on the deed. BTW is it a mortgaged property?

Best of luck,
Larry

Guest 0.10 Dollars($)

No, free and clear (Michigan) Just purchased the property before we got married, then built the house also before we were married. We are in the proccess of doing our wills, and or trusts. Hantz Group in Michigan is handling it. Getting a trust quote is $1600 to do it all. Sound about right price? Thanks for the info! Terry

jameshogg

Hi Terry,

In your situation, using an interspousal deed will be better than a quitclaim. Such a deed is specially meant for property transfer between spouses.

Know more on why interspousal deed is better than quitclaim .

Thanks

Guest 0.10 Dollars($)

My mother just went into a nursing home (82 stroke) She has 2 bank accounts. One we are joint, the other I have pwr of attorney. After 100 days she will have to apply for medicaid Total of the accounts,$20,000
Just what can we expect the state to take? Anyway we can shelter these assets in case she is able to return home? Thanks Terry

Caron · Posted: Mon Sep 01, 2008 4:24 am Post subject: RE: protect home from medicaid

Hi terry,

It's sad to hear of your mother's illness. Let's hope she'll recover in a short time.

Coming to your query, the state doesn't go for Medicaid Estate Recovery until the recipient passes away. Know more on the steps taken by Medicaid in order to retrieve the money they've provided.

Good luck

liaoyu03 · Joined: 09 Sep 2007 Posts: 213 9.09 Dollars($)

1.interspousal deed
2.quit cliam

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