My question involves real estate located in the State of: California
Hi, so a few months ago I was asked by my family to add my name the deed of my grandfather's house (who has passed,) being 1 of 4 people on the deed. I was told this would not effect me in any way, but now a cousin whose name is also on the deed, is asking me to apply for homestead exemption under the house. She made it out to be something very easy and also won't effect me, because she wants the tax deduction off from her home and my grandfather's house. I currently am living with my parents so I don't know if this will effect me in the long term if in the coming year I decide to move out/buy a home myself.
Sorry if this isn't in the correct topic, I wasn't quite sure what this fell under.
Hi, so a few months ago I was asked by my family to add my name the deed of my grandfather's house (who has passed,) being 1 of 4 people on the deed. I was told this would not effect me in any way, but now a cousin whose name is also on the deed, is asking me to apply for homestead exemption under the house. She made it out to be something very easy and also won't effect me, because she wants the tax deduction off from her home and my grandfather's house. I currently am living with my parents so I don't know if this will effect me in the long term if in the coming year I decide to move out/buy a home myself.
Sorry if this isn't in the correct topic, I wasn't quite sure what this fell under.
Co-Ownership: Name on the Deed and Homestead Exemption
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