Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.
Yes, your simplest option is to just to do a quitclaim deed from you as the grantor over to son as the grantee, sign it, notarize it, and then record it. That would complete the transfer and since it is under the statutory $14K annual gift tax exemption, there would be no gift taxes on it.
So if you want him to have it now, the quitclaim is the best option. Otherwise, you can add him as a "joint tenant with rights of survivorship" on the deed and then he would instantly inherit it once you passed and it wouldn't have to go through probate...