I need advise on the Deed of Sale we plan to execute. The property is under our parents' name, both still alive. Based on my understanding from this forum and research from the internet, a Deed of Sale if preferable over a Deed of Donation.
My question is, is it better to name us 4 daughters in the Deed of Sale as the Buyer, collectively or to have the property subdivided into 4 and acquire individual titles.
Which is the best/practical/cheapest option po?
It's a house and lot property po btw.
Thank you in advance!