Should both spouses be on the deed?

In California, all property bought during the marriage with income that was earned during the marriage is deemed "community property." The law implies that both spouses own this property equally, regardless of which name is on the title deed.

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Maine Warranty Deed - Husband and Wife to Husband and Wife

Maine Warranty Deed - Husband and Wife to Husband and Wife

Name: Maine Warranty Deed - Husband and Wife to Husband and Wife
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.64 (319 reviews)

Category:

Maine Real Estate - Deeds - Warranty

State:

Maine

Control #:

ME-SDEED-9-5

Format:

Instant download

Description

This form is a Warranty Deed where the grantors are husband and wife and the grantees are husband and wife. Grantors convey and warrant the described property to grantees as tenants in common. This deed complies with all state statutory laws.

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FAQ

In California, all property bought during the marriage with income that was earned during the marriage is deemed "community property." The law implies that both spouses own this property equally, regardless of which name is on the title deed.

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

If you live in a common-law state, you can keep your spouse's name off the title the document that says who owns the property.You can put your spouse on the title without putting them on the mortgage; this would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

It is possible to be named on the title deed of a home without being on the mortgage. However, doing so assumes risks of ownership because the title is not free and clear of liens and possible other encumbrances.If a mortgage exists, it's best to work with the lender to make sure everyone on the title is protected.

You can add your wife to the title by recording an Interspousal Transfer Deed or a Quitclaim Deed. You do not need to refinance the loan with the lender to add your wife to title...

A In order to make your partner a joint owner you will need to add his name at the Land Registry, for which there is a fee of £280 (assuming you transfer half the house to him). You won't, however, have to pay capital gains tax, as gifts between civil partners (and spouses) are tax free.

To be able to record the deed, it must be accompanied by a transfer tax form and payment of transfer tax. Transfer tax rate in Maine is $2.20 per $500 or fractional part of $500 of the value of the property being transferred. Further, transfer tax is imposed 50/50 on both the grantor and grantee.

The only way to add or remove a name on a deed is to have a new deed recorded. Once a document is recorded, it cannot be altered. In order to protect your legal interests, we strongly suggest that you contact an attorney to have this done for you.

Maine Warranty Deed - Husband and Wife to Husband and Wife

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FAQ

Should both spouses be on the deed?

How do I add my spouse to my warranty deed?

Can you add spouse to deed but not mortgage?

How do you add someone to a warranty deed?

Can a person's name be on a deed without being on the mortgage?

How do you add a name to a deed without refinancing?

How much does it cost to add spouse to deed UK?

How do I transfer a deed in Maine?

How do I add a name to a deed in Maine?

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