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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.
How do I add someone or remove someone from my deed? Property ownership is not like a car title. To make any kind of change to ownership of property, a new deed will need to be prepared and recorded in the Clerk's Office where the property is located.
The only way to change a recorded deed is to have a new deed prepared and recorded in the Clerk's Office Land Records Department. Once a document is recorded, it cannot be changed.
All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia.
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.
EFFECTIVE IMMEDIATELY: All deeds recorded in the City of Norfolk MUST comply with the new provisions of Virginia Code Section 17.1-223. All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia.