Posted on: 30th Jan, 2012 04:37 pm
California Joint Tenancy Grant Deed-I would like to file a Joint Tenancy Grant Deed to change the way that my sister and I hold property (from jointly to joint tenants) that was recently inherited from my father. Do we have to pay the transfer tax to record the deed?
Hi JScarabello!
Welcome to forums!
As far as I know, you will be liable for paying the deed recording fees. If the property is already in your name and your sister's name, then you may not have to pay any transfer fees. However, speaking to a real estate attorney in this regard will be a good option.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, you will be liable for paying the deed recording fees. If the property is already in your name and your sister's name, then you may not have to pay any transfer fees. However, speaking to a real estate attorney in this regard will be a good option.
Feel free to ask if you've further queries.
Sussane
The attorney you hire to help do this will explain the different meanings of other words that can be used to describe the intent of your relationship (joint tenants, tenants by the entirety, joint tenants with right of survivorship, tenant for life estate, etc), as well as the risks in being named in the deed (tax liens, mortgages, premises liability, etc).
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