Title question (property, lawyer, claim, state)

[LQQKOUT]

Not sure where to ask this question.

My father owns a property out right in Dallas County - State of Texas. He wants to take his name off the house and put his grand daughter as the owner....I am not sure what I need to do for that? I don't want to hire an attorney for a simple task...at least I would assume that it was simple? Help

[dontaskwhy]

I believe he would want to do a "Quitclaim" deed. Contact a local title agency and they should be able to take care of it for a modest fee.

Here is an article from Wikipedia for your information: Quitclaim deed - Wikipedia, the free encyclopedia

Best luck, let us know what happens.

[LQQKOUT]

Thanks Don't- I was thinging the same thing....but I want some else opinion.

[2bindenver]

Maybe he wants a beneficiary deed instead for estate planning?

[LQQKOUT]

Nope just out of his name an put in hers. Don't Texas doesn't recogonize Quit Claims....I would have to do a Warranty Deed.....

[399083453]

Originally Posted by LQQKOUT

I don't want to hire an attorney for a simple task

You don't want to spend $100 to make sure a property transfer is done correctly? LOL. Penny wise, pound foolish. There could be issues.

[sj08054]

You may also want to look into the tax implication as well.

[marksmu]

Originally Posted by LQQKOUT

Nope just out of his name an put in hers. Don't Texas doesn't recogonize Quit Claims....I would have to do a Warranty Deed.....

Texas does recognize Quit Claims - but Title companies are unwilling to ensure them. Speaking from a strictly legal standpoint - the Quit Claim Deed is a 100% legal and recognizable transfer...it just happens to carry a disproportionate amount of risk with it so Title Companies won't issue policies against a property with a quit claim deed in its chain of title.

[ETex2]

Simplest other than a quit-claim is probably a gift deed, but it definitely will have tax implications.

[brianjb]

Originally Posted by 399083453

You don't want to spend $100 to make sure a property transfer is done correctly? LOL. Penny wise, pound foolish. There could be issues.

That's what I was thinking. The granddaughter can pay the fee; she's getting a free house.

Better to pay for a lawyer to make sure that this is done properly. This is a huge thing. It's not trivial like asking for advice on how to set up season pass on your Tivo.