What is the easiest, most effective way to transfer home ownership from parents to child?

It depends on various factors that should be addressed with an estate planning attorney. If the parents wish to retain a lifetime interest in the home, an Enhanced Life Estate Deed should be considered. Otherwise. a Warranty Deed or a Special Warranty Deed can be utilized for the transfer. However, it would truly serve your interests to consult with an estate planning attorney about this transfer and the impact it may have on your overall estate and your estate planning goals. All the best.