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Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the property's fair market value for tax purposes. If the value of the gift exceeds the annual exclusion limit ($16,000 for 2022) the donor will need to file a gift tax return (via Form 709) to report the transfer.

Your signed and notarized Warranty Deed needs to be filed in the property records in the county clerk's office of the county in which the property is located. The county clerk will charge a recording fee of about $30 to $40, depending on the county. The fee should be paid by a cashier's check or money order.

Can my parents put me on the deed to their house? 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.

You need a new Warranty Deed. It is not recommended to transfer title to property to a minor. The minor will not be able to transfer the property until he or she turns 18. If you want to transfer property to a minor, you should consider a Trust for the benefit of the minor.

You must apply to HM Land Registry to change the registered owner name for a property if you're either: the new owner of a property. adding someone else as joint owner.

Under Ohio law, if you just leave money or property to a minor without providing any special instructions or making any special plans for that money, the court is going to need to appoint a guardian.

The original property owner adds a new co-owner by recording a deed that transfers the property to the original owner and the new co-owner. The deed must choose a form of co-ownership that includes a right of survivorship.

Deed restrictions have been used for years by developers and condominium associations, typically to place limits on home size or aesthetic choices, for example, limiting the choices of acceptable exterior paint colors of homes within a subdivision.