How do I add my son and his wife to the property deed?
Full Question:
Answer:
A married couple may add another couple to the deed by transferring the property to them as joint tenants or tenants in common. A tenancy in common interest is distinguished from a joint tenancy interest, which passes automatically to the survivor. It is also possible to transfer property to another, while reserving a life estate in the grantor.
Deeds are typically or two standard types, a warranty deed or a quit claim deed. A warranty or grant deed contains promises about the ownership of the property and guarantees against claims by others. A quit claim deed contains no warranties and the seller doesn't have liability to the buyer for other recorded claims on the property. A quit claim deed is often used among family members when there is little question about existing ownership.