kimmysu12
Jul 22, 2012, 04:51 AM
Do I have to go to an atty to get a gift deed? Is it good from brother to brother so that he will not have future claim on the property?
ScottGem
Jul 22, 2012, 05:59 AM
No you don't need an attorney for someone to deed property they own to someone else. You do need to use a form acceptable by the county and the signatures should be notarized to assure the identities of the signers..
However, if a brother is gifting their share of property to another brother, there may be legal and tax consequences. So the transactions should be done under the advice of a real estate professional.