How to transfer ownership of property with a Texas warranty deed?
Suppose you own a home in Texas, and you want to add your spouse, child, or significant other to the deed as a co-owner. A Texas warranty deed can accomplish your goal. A warranty deed is an instrument that is used to transfer ownership interest of the property from one person to another. However, there are requirements that must be met in order for the warranty deed to be valid.
What are the requirements for a valid warranty deed?
A warranty deed must be (1) in writing; (2) contain the legal description of the property; (3) identify the property subject to the conveyance; (4) signed by the grantor or seller of the property; (5) executed before a notary public; and (6) filed with the county clerk’s office in the county where the property is located.
Are there any disadvantages to transferring your ownership interests to another?
It is important to note that adding someone to your warranty deed as a co-owner is a serious legal step that can have significant implications for both parties. For example, if you and your significant other were to, unfortunately, break up, it could be difficult to remove your significant other from the warranty deed without your significant other’s consent.
Therefore, it is important to work with the experienced attorneys at Law Office of Trevon Watson, PLLC who can advise you on the legal risks associated with adding someone to your warranty deed. If you need a warranty deed drawn, please contact our office at 832-416-0950 to schedule a consultation.
DISCLAIMER
The information is not offered as legal advice upon which anyone may rely upon. Information in this article is provided for public informational and educational purposes only. No attorney-client relationship is created by the offering or reading of this article. This law firm does not represent you until expressly retained by an agreement for legal services. Please do not act or refrain from acting based on anything you read in this article.