Including a partner to a deed is the authorized means of transferring possession of actual property to each spouses. This may be executed for a wide range of causes, akin to to make sure that each spouses have an equal curiosity within the property, to guard the property from collectors within the occasion of a divorce, or to simplify the method of transferring the property within the occasion of 1 partner’s loss of life.
There are a couple of alternative ways so as to add a partner to a deed. A method is to have a brand new deed drawn up that features each spouses as house owners. One other method is to have a quitclaim deed drawn up, which transfers possession of the property from one partner to the opposite partner. A 3rd method is to have a joint tenancy deed drawn up, which creates a joint possession curiosity within the property between the spouses.