DEAR BOB: What is the best way to change my deed to include my two sons, ages 21 and 26? How do I find a good real estate attorney who won't overcharge me? --Leonardo R. DEAR LEONARDO: Why would you want to add your sons to your title? That could be a major mistake. Purchase Bob Bruss reports online. If you want to avoid probate after you die, you would be far better off creating a revocable living trust naming your sons to receive the title after you die. As I often say, "It is usually far better to inherit real estate than to receive it as a pre-death gift." If you give your sons a full or partial interest in your property now, you burden them with your probably low adjusted cost basis, thus depriving them of a new "stepped-up basis" to market value as of the date of your death if they i...
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