Not unusual to have more than one person on the deed. Adding a childâs name to a deed gives him or her an ownership interest in your home. For instance, if each owner owns one lot in a 30-lot development and only one deed is prepared, then there would be 30 names on the deed, with each owner acquiring a 1/30 interest. More . ? My significant other and I have both our names on a deed to our home. Avvo Rating: 8.3. Claiming the Tax Deductions on a House With Multiple Names on the Deed. 1. Ideally, you won't just "add" your child's name to your existing deed. Many title companies provide a title reports showing current ownership for a flat fee around $100.00. There are also many special purpose deeds. But as you will see below, putting your child on your deed can actually cost you much more than you think. To be effective, a deed must be properly signed, notarized and delivered. Vehicle Titles The process of registering a vehicle title in numerous names may vary from state to state. 5 stars 4 reviews. 1. This is all that's necessary to make the name changes effective; however, standard real estate practice in your area, especially for the sale of a home, may require filing the deed with the county recorder's office, or similar government entity. Celia R Reed. By: Fraser Sherman . If you need to simply add another vested owner to your property, you will need to file a quitclaim deed, rather than a warranty deed. If you pay most of the deductible expenses, you get most of the tax savings. A deed is a legal document used to transfer ownership of property from one party to another. Family Law Attorney in Phoenix, AZ. The six most common types of deeds are: A real estate deed can be in the form of a general warranty deed, a special warranty deed, a quitclaim deed, or a bargain and sale deed. Property deed Inheritance rights. The categories can be further broken down to include rights of survivorship, joint tenancy, and tenancy in common. Do insurers write homeowner's policies for multiple names on deed from inheritance. You'll become joint tenants with rights of survivorship. If necessary, obtain a title report from a title company. Title Issues. There are different types of deeds, and each serves a specific legal purpose depending on the known and unknown history of the property, the existence of a lien, and/or other encumbrance like a mortgage.. The legal name is the name used to sign legal documents, deeds, or contracts. This includes both land and homes. He died last week, we don't have common law marriage, never filed ⦠This article addresses what importance if any of property being titled or deeded in the name of one spouse in Harris and Montgomery County in Texas in a divorce and the importance of community property and separate property.. A question that comes up quite often in my divorce consults on the phone or in my office is the name on a car title, real estate deed, or bank accounts. He can't sell without her. Reveal number tel: (602) 938-0070 . You'll create a new deed with a group of owners, perhaps you, your spouse, and your child. If the applicant has a given name with multiple parts and does not allege having a middle name then the multiple parts should be entered as the first name. Prepare a New Deed to Avoid Probate . Browse related questions. She has rights. If a deed to real estate is in two names, and one person dies, does it automatically revert to the living name on deed? Washington state, much like the 49 other states, requires the execution of a deed in order to change ownership on any piece of property. Thanks for the responses her name is only on the deed his name is the only name on the mortgage do he still have to involve her?? 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