Refinancing Condo Deed Requirements

Summary

In Florida, youre not required to add your daughter-in-law to the deed for refinancing. However, refinancing terms may vary, and adding a name to the deed could impact your tax exemptions. The Homestead exemption may be affected if they dont live there, and a Documentary Stamp Tax may be levied on the deed change. Consult a local attorney or tax advisor for specific advice.

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I am refinancing my Condo. Have live here over ten years.About five years ago I went to A lawyer and had my son name put on my deed.So that way it wouldn't go in probate.Now they are saying that my son and my daughter in law has to be on the deed.Do I have to put there name on the deed now.? Will that change my taxes?Get my exempt
In Florida, you're not required to add your daughter-in-law to the deed. However, refinancing terms may vary. Adding a name to the deed may impact your tax exemptions:
- Homestead exemption may be affected if they don't live there.
- Documentary Stamp Tax may be levied on the deed change.
Please consult a local attorney or tax advisor for specific advice.
Thank you.
You're welcome, **** ****. If you need further assistance, feel free to ask. It's always advisable to consult with a local attorney or tax advisor for specific advice on these matters.