Question asked on Apr 08th, 2016
Adding someone as a co-owner of property is simple — just execute a quit-claim or grant, bargain, and sale deed from you to you AND him. As to whether you want to do so, that is another question — it would appear to constitute a “transmutation” of the property — essentially a gift of half the equity, which may not be the result you will want to be true now, or sometime in the future. See https://www.willicklawgroup.com/property-rights-and-division/. If you are at all unsure of what you are doing or why, seek out the advice of a family law specialist before signing anything.
Marshal S. Willick is the principal of the Willick Law Group, an A/V rated Family Law firm in Las Vegas, Nevada, and practices in trial and appellate Family Law. He is a Certified Family Law Specialist, a Fellow of both the American and International Academies of Matrimonial Lawyers, former Chair of the Nevada Bar Family Law Section and former President of the Nevada chapter of the AAML.
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