Legal Question in Real Estate Law in Tennessee
Changing name on deed
My grandfather bought me a house and now wants to put into my name. There are no loans on the house, it is paid for. What is the cheapest way to get the house into mine & my husband's name? We don't want either parties to be hit with big taxes. Thank you!
Asked on 8/25/04, 6:30 pm
1 Answer from Attorneys
Dr. Michael A. S. Guth
Tennessee Attorney at Law Assists Pro Se (without a lawyer) Parties
Re: Changing name on deed
Your grandfather can grant you his interest in the house by way of a "quit claim deed." You will not face inheritance taxes, assuming the house is worth less than $376,000, if this is a transfer among two or more living parties.
Answered on 8/30/04, 10:34 pm
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