Delaware Deed (As to Specified Subsurface Depths)
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How to fill out Deed (As To Specified Subsurface Depths)?
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FAQ
In order for a deed to be valid and enforceable, it must be in writing; describe with specificity the property conveyed; specify the names of the grantor and grantee; be signed; be sealed; be acknowledged; and be delivered.
Having your children as co-owners or remainder owners for your property may simplify the transfer at your death. Their having joint management rights and debt obligations for the property may also be a benefit.
Your parents can put your name on the deed to their house. Many people might see this as a simple method of estate planning. However, it may be a bad idea.
How do I add my spouse to my deed in Delaware? You will need to have the quitclaim deed docHubd with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
The Process of Transferring Property Identify the recipient or donee. Discuss the terms and conditions of the transfer with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.
Delaware taxes real estate transfers at 4% of the purchase price for the property being transferred. However, Delaware law has a provision that allows for the county where the property being sold to levy a real estate transfer tax of 1.5%.
