Virginia  |  Real Estate Law

Legal Question

Asked on: 8/25/09, 4:23 pm

If I add 1% share in my son's name on the title deed of my family house which me and my wife owns what are the pros and cons?

1 Answer

Answered on: 8/31/09, 12:02 am by Michael E. Hendrickson

Without knowing the reason for this proposal nor any information regarding your son's background(credit worhiness, employment, age, marital status, etc.), it would be difficult to say, but chances are the cons would very likely outweigh the pros if all of the necessary information was to be provided and fairly evaluated.

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