Should I add my child’s name to the deed for my house?
No, do not add a child’s name to the deed for your house! This can result in several unwanted consequences. First, you give up partial ownership of your house. If you want to sell it or get a loan against it, you need your child’s permission. Second, if your child has creditors coming after her, or your child has a court judgement against him, your house will be subject to their debts and liabilities. Lastly, there may be negative tax consequences for adding your child’s [...]