<prompt> Human: My mom and I are thinking of adding my name to the deed of the house, but I just want to make sure that this wont affect negatively or end up costing me money in taxes, fees, or getting a lower credit score. The main reasons that we are doing this is so that I could easily inherit the house when my mom will eventually pass away. She is in incredibly good health, so I know she will be around for a long time. We think that by adding my name it will be easier for me to inherit the home and to avoid paying any inheritance taxes or fees in the future. However, we want to make sure that this will not affect me negatively in some way. My mom is still making mortgage payments on the house, but she has a reliable source of income coming in, has a credit score of 800, and will have the house paid off in a few years. So I am not worry about inheriting debt or if I do it will just be a very small amount of debt. I am going to be living in another state. I will be living in Maryland, while my mom and home are in Florida. Does this matter? It hard to tell what the future is going to be, but an eventual return to my hometown is a possibility. If nothing else, having a second place in Florida would be nice. So is this a good or bad move? Could it even be an unnecessary thing to do? I know that I will pay property taxes, and if theres still a mortgage I will take over, but besides that I cant think of anything else.  <response>: You wouldnt inherit debt just because youre the next of kin. Her estate would be liable for any debt shes accumulated other than the house, which would probably fall to you if your name is on the deed.Just make sure the property tax payments are paid in a timely fashion and you should be good to go! 