An interspousal transfer deed is a legal document that allows a married couple to transfer property from one spouse to the other. It’s a common tool used in situations like divorce, estate planning, or simply to change how a property is owned.
One of the biggest benefits of using an interspousal transfer deed is that it can help avoid property tax reassessment. It can also simplify property ownership, which can be especially useful when planning for the future.
This guide will walk you through everything you need to know about interspousal transfer deeds, including when and why you might use one, and some important things to consider before you do.