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Transferring Title Deeds To Heirs
Your will should specify your heirs, or the people who will receive assets and property after you have passed away. This includes any real property you own, such as your house. However, to pass on your property, you must transfer the property title.
You can do this in a few ways, though the simplest is a quitclaim deed. This allows you to give up the deed to your property without a process for proving ownership. When transferring titles between trusted family members or friends, proving ownership is usually unnecessary.
Alternatively, you can create a Joint Tenant with Right of Survivorship (JTWROS) account. This gives multiple people ownership of the assets in the account, which are automatically granted to one of the tenants when the other(s) passes away.
Why Hire An Attorney For Title Deed Transfers?
Because real property is one of the most valuable assets you own, you want to be assured it is properly transferred to the correct person. Making mistakes during a deed transfer will cause trouble for the recipient down the road.
Our lawyer at Elder Law of Georgia, P.C., has completed countless property ownership transfers. Finding an attorney with experience in this area is highly important when building an estate plan because we can ensure your loved one successfully receives the title deed.
Title transfers do not have to occur after you have passed away. We also assist clients in title deed transfers at any point that they would like to pass their property on.
Learn How Our Team Can Help You
You may be overwhelmed with all the aspects of your estate plan to consider. Our team will work with you to build a plan that fits your needs and successfully transfers all property in accordance with your wishes.
We are located in Gainesville and work with clients in the Hall County area and beyond.