Tuesday 26 August 2014

im POA of my mom, i want to transfur her home to me, do i fill out the quit deed as POA for my mom gifting to my self

Question

im POA of my mom, i want to transfur her home to me, do i fill out the quit deed as POA for my mom gifting to my self



Answer

Seek some legal guidance. This may have tax consequences, internal revenue and homestead, that you need to analyze prior to the transfer. if you are trying to avoid probate, you can transfer house to life Estate for Mom and remainder to you. best to do this with her signature in case there are any other relatives who can later complain.



No comments:

Post a Comment