u/New_Cauliflower2185

Add name to DEED

Location: MN

My parents co-own a home with my uncle, and my uncle no longer wants to remain on the title. We plan to use a quitclaim deed to transfer his interest and remove his name.

While making this change, we are considering adding my name to the title as joint as part of long-term asset/estate planning. There would be no money exchanged.

Would it be advisable to add me to the title at the same time? What are the legal, tax, and financial implications we should consider? Our strategy is planning. Would it better if we just remove everyone name and add mine only? I )lThanks!

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u/New_Cauliflower2185 — 1 day ago