What is the best way to transfer ownership of my elderly parent’s house to me?
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What is the best way to transfer ownership of my elderly parent’s house to me?
Asked on January 2, 2013 under Real Estate Law, Pennsylvania
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Your parents can sign a quitclaim deed which releases their entire right, title, and interest in the property and transfers ownership of the property to you. The quitclaim deed is signed in the presence of a notary, and then recorded (filed with the County Recorder's Office). The quitclaim deed is effective upon being recorded.
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