Transfer to an individual
Homeowners may decide to transfer a property to a family member while they are still alive, to minimise any inheritance tax which would otherwise be due. In order for this to be effective, the transfer must take place at least 7 years before they die. There are various other reasons for transferring property to an individual as a gift.
Transferring property into one name or into joint names
Homeowners will often decide to add the name of their spouse to their property deeds when they get married. The opposite may take place upon divorce or separation. In either case, a solicitor will need to be involved to carry out the necessary legal work associated with changing a title deed, and to record the new information in the relevant Register. Ask a lawyer for advice on changing the title deed of a property.
If a property is inherited as part of the estate of the deceased, the regular confirmation process will cover transfer of property. Confirmation involves applying for a grant of confirmation. For more information read Confirmation.