Should You Put Your New Home in Your Name or With Your Child? | Guidance for Widows & Families

Dear Friends,

The other day, I had a heartfelt conversation with a lovely client — a widow who is preparing to sell her family home. As we discussed her next steps, she asked me a very important and emotional question:

“Ana, when I buy my new home, should I put it in my name only, or should I include my daughters on the title too?”

This is a question many homeowners — especially parents — often ask when planning for the future. While I’m not a lawyer and cannot give legal advice, I wanted to share some general insights from my experience in real estate, as well as a few pros and cons I’ve seen. My goal is always to ensure you’re well-informed so you can have a meaningful conversation with your lawyer, who can provide the expert guidance you need.

✅ Putting the Home in Your Name Only

Pros:

• Full Control: You remain the sole decision-maker when it comes to selling, refinancing, or making changes.

• Protection from Others’ Debts: If your daughter were ever to encounter financial difficulties or legal issues, her creditors couldn’t place claims on your property.

• Clear Ownership: The title is straightforward, with no potential disputes or confusion down the road.

Cons:

• Estate Process: If something were to happen, the property would pass through your estate and be subject to probate. This can sometimes create delays and additional costs for your loved ones.

👩‍👧 Putting the Home in Both Your Name and Your Daughter’s

Pros:

• Ease of Transfer: If ownership is structured correctly, your daughter could inherit the home directly without going through probate.

• Shared Responsibility: Maintenance, taxes, and decisions can be shared if you both agree.

• Peace of Mind: Many parents feel reassured knowing their child’s name is already on the title.

Cons:

• Loss of Full Control: Major decisions like selling or refinancing would typically require both signatures.

• Tax Implications: Adding someone else to the title may trigger capital gains or other tax considerations.

• Risk of Exposure: If your daughter faces debt, divorce, or legal issues, her share of the home could be at risk.

💡 My Guidance

At the end of the day, there is no “one-size-fits-all” answer. Every family’s situation, financial picture, and long-term goals are unique. That’s why I always recommend that clients speak directly with a lawyer (and sometimes a financial advisor) before making this kind of decision.

As your trusted real estate advisor, my role is to walk with you through the selling and buying process, ensure you’re aware of the options, and connect you with the right professionals who can protect your best interests.

So, if you ever find yourself asking the same question my client did, know that you’re not alone. It’s a thoughtful and loving consideration — and with the right guidance, you can make the decision that brings peace of mind for you and your family.

Warmly,
Ana Bastas
🏡 Ana Bastas Realty | Experience the AB Advantage™