Adding wife to house deed

[New display name 2]

Wife adjusted from K1, wanting to add her to house that I own, how to go about it and what things to consider (pros and cons) . She is a conditional permanent resident. 

[iwannaplay54 985]

7 hours ago, New display name said:

Wife adjusted from K1, wanting to add her to house that I own, how to go about it and what things to consider (pros and cons) . She is a conditional permanent resident. 

State dependent.  Call to the county tax office (or) the folks who handle closings for the mortgage company would be my first step.

Edited December 12, 2022 by iwannaplay54

[Bob in Boston 701]

Have a lawyer file a quitclaim deed with the county putting your wifes name on the house. really simple.

[powerpuff 6,697]

~~ Topic moved from AOS K1 forum to Moving to the US & Your New Life in America forum as this is a non immigration question ~~

[New display name 2]

2 hours ago, iwannaplay54 said:

State dependent.  Call to the county tax office (or) the folks who handle closings for the mortgage company would be my first step.

Its already paid off. No mortgage. 

[iwannaplay54 985]

12 minutes ago, New display name said:

Its already paid off. No mortgage. 

Not why you call them.  

You call them because they file deeds after closing and know exactly what the process is to do it.

[carmel34 3,622]

I researched this question last year and asked a tax accountant for advice.  The IRS considers adding a spouse to a deed as a gift, 50% of the market value of the house.  For situations where both spouses are US citizens, there is a very high lifetime maximum, $12.06 million for 2022, that is exempt from the gift tax, so unless your house is worth more than $24.12 million there is no gift tax to add a spouse to your deed.  However, if a US citizen adds a non-US citizen spouse to the deed, the gift tax exemption is only $164,000 in 2022.  So if your house is worth more than $328,000, there will be a gift tax, and you should ask a tax accountant for advice.  We decided not to add my husband to the deed on our house because it is worth much more than $328,000, and the tax liability would be in the thousands of dollars.  See below for more details from the IRS, form 709 instructions.

 

https://www.irs.gov/pub/irs-pdf/i709.pdf

Edited December 12, 2022 by carmel34

[JeanneAdil 6,492]

forms on internet to write up your own quick claim deed (state dependent)

do a POA from her (also internet forms)  to record the quick claim at county clerk's office

 

but adding her to your mortgage means u would have to refiance and pay closing costs again 

 

i added my husband when he was still in his home country

[Neonred 3,562]

Didn't add my wife to the deed.  Just couldn't see any strong reason to go through that.

[Cathi 5,747]

Contact a real estate lawyer to find out how to add your wife to the deed, it is state, county and even city/town specific. This isn't an immigration issue.