Can i add my son's name onto the title deeds of my house along with my own? how much should i aim to pay a slimy solicitor if i needed their help?
2007-02-12 00:25:34 · 4 answers · asked by bluecow 5 in Business & Finance ➔ Renting & Real Estate
If you live in UK, access Land Registry website. Various phone numbers will be displayed and according to were you live, contact the office nearest to you for the correct documentation and advice. Alterations to Land registry data base of the type you describe usually costs around £40.00.You will need to check that there are no cautions or unilateral notices attached to the property.I would take exception to your description of slimy lawyers, perhaps Dick Turpin might be a better description.Regarding how much a solicitor might charge, that would depend on the amount of work they have to do.After all is said and done lawyers are one of several professions who have definitely not taken a vow of poverty.
2007-02-12 01:23:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, you can add your son's name. You'll most likely need to hire a solicitor, and I have no idea how much it will cost for him to prepare the papers, but if I was considering such a transaction, I'd be sure it was done correctly. I'd also list my son as a joint tenant. This creates a right of survivorship, meaning you may avoid taxes when the property transfers to him on your death; however, you will need both signatures to sell, mortgage, or otherwise change the status of the land. That could turn out to be an advantage anyway, if there is any chance your son would try to sell his part of the property without your consent. Pricewise, I'd estimate it will cost about the same to do this transaction as a normal real estate title search, around $750 US where I live.
2007-02-12 08:38:48 · answer #2 · answered by bestguessing 3 · 0⤊ 0⤋
Contact your local Registrar of Deeds office for advice in your area. Not sure what you mean by slimy solicitor, but if s/he is doing something illegal, then let the Deeds office know that as well.
2007-02-12 08:30:16 · answer #3 · answered by Venita Peyton 6 · 0⤊ 0⤋
You don't need an attorney just to change the deed to your home. However, I would suggest you talk to an estate attorney before you do such a thing. And be honest with yourself - can you completely trust your son?
2007-02-12 08:30:55 · answer #4 · answered by Terri J 7 · 0⤊ 0⤋