[Homeandaway]

Hi,
This is my first post so bear with me.
Does anyone know if it is possible to add my 3 adult childrend (all over 18) to
the title deeds of our property in France, owned by my husband and myself.
No previous marriages etc. And if so how do I go about it.

Thanks.

 

[Bevdeforges]

The trick to adding folks to your title is that you'll have to pay full notarial fees, just like if you sold them their share in the property - even if no money changes hands. It can also complicate things enormously, since "gifting" them a portion of the house constitutes an early distribution of your estate.

In essence, your (just yours - or yours and your husbands?) children already have a claim on your ownership portion in the house. On your death, your portion of the ownership interest passes to them more or less automatically. Depending on what you're trying to do, changing the title on the house formally like that may just involve spending a bunch of money with no real benefit or result in the long run.
Cheers,
Bev

 

[parsnips]

The trick to adding folks to your title is that you'll have to pay full notarial fees, just like if you sold them their share in the property - even if no money changes hands. It can also complicate things enormously, since "gifting" them a portion of the house constitutes an early distribution of your estate.

In essence, your (just yours - or yours and your husbands?) children already have a claim on your ownership portion in the house. On your death, your portion of the ownership interest passes to them more or less automatically. Depending on what you're trying to do, changing the title on the house formally like that may just involve spending a bunch of money with no real benefit or result in the long run.
Cheers,
Bev

Hi,
As Bev says, in effect-"Why do you want to do this?" They will get their parts anyway in time. If you want an unequal division , you can do this with wills , but if you are content they get equal shares you need do nothing.