WalletPop experts on co-signing deeds, prescriptions under health reform, and college savings

white house for refinancing
white house for refinancing

Unsure if you should co-sign a deed? Trying to understand how the new health care law will affect prescription drugs? Uncertain if you should start a 529 college-savings plan now that you have a child? WalletPop experts tackle these questions and give it to you straight.

Question:

My husband and I are being added onto a deed by the title company preparing a refinance closing for my parents. The lender requires us to be on the deed to prove we own this asset, in order to co-sign on the refinance mortgage documents. Will this transaction trigger a taxable event for either party?
--Beverly