Legal Question in Real Estate Law in Maryland

If I put my daughter on my deed (home is paid for) can others come after the home for any unpaid credit cards or debts that I may have when I die. Is it better to put her name on the house now or make a will leaving it to her?


Asked on 1/29/12, 1:40 pm

1 Answer from Attorneys
Robert Sher Wagshal and Sher

Your putting your daughter on your deed as a co-owner will not protect your credit. And it will expose the property to her creditors as well. In addition, it will increase the chance of her having to pay capital gains tax if she decides to sell the home after your death. It is better to leave it to her in your will. I write these kinds of wills all the time.

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Answered on 1/30/12, 6:41 am


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