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Law Office of
Jeffrey B.Peltz, P.C.
26 Court Street, Ste. 503
Brooklyn, New York 11242
Telephone: (718) 625-0800

Deed Changes or Transfers


   There is more to a deed change or transfer than merely preparing and signing a new deed. Tax and estate issues must be considered. Under certain circumstances, a transfer tax must be paid. A failure to consider these aspects can be extremely costly.

 

   To change a deed, several forms must be completed in addition to the new deed. If the property is located anywhere in New York State, a TP-584 and related forms must be completed. If the property is located in certain cities or towns, such as New York City, additional forms, such as an RPT, are required.