Title Transfer
There are many reasons to transfer title to a family member. However, there are hidden costs to a title tranfser which may apply in the form of land transfer taxes, mortgage payout penalties and triggering the capital gain. The Real Estate Lawyer would guide you as to the process and would explain all applicable costs and impacts of the title transfer. At Estofa Law, we can help and assist in the following most commongly used title transfer applications;
- Title Transfer between Spouses for love and affection
- Title Transfer between spouses as a result of separation agreement or court order
- Title Transfer to Children, Parents or siblings
- Title Transfer as a result of gift of the property to your loved ones
There are more factors when you might need to do a title transfer including adding someone or removing someone from the title. This mostly takes places for the mortgage purposes.
If you are looking to transfer the title of your property, look no further, Real Estate Lawyer in Burlington will assist you and make your process stress free.
