What form is needed to quickly deed the property to my wife?
Full Question:
Answer:
I am prohibited from giving legal advice, such as recommending a particular form. The answer will depend on the names that are on the current deed. For example, when only two spouses are named on a deed, the property is held as joint tenants or tenants by the entireties, depending on the wording in the deed. When one of the spouses then wishes to transfer the deed to the name of only one spouse, it is a transfer from a husband and wife to an individual. If only one spouse is named as the sole owner, it is a transfer from one individual to another
individual.
Requirements for deeds are governed by the law of the state where the property is located. The deeds offered by USLegalforms comply with the laws of each state. Therefore, a property located in Washington state should use a deed that is created according to the laws of Washington.
Be aware that ownership of the property is separate from liability for a mortgage payment. By transferring property into a single individual's name, that person becomes sole owner of the property. However, unless the name of the person transferring the property is also removed from the loan on the property, that person may still be liable for payments, despite no longer being an owner.
