Legal Question in Real Estate Law in Virginia

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?

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

1 Answer from Attorneys

Michael E. Hendrickson Attorney & Counsellor at Law

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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Answered on 8/31/09, 12:02 am

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