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joint ownership

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    How Do I Avoid Capital Gains Tax for Jointly Owned Property?

How Do I Avoid Capital Gains Tax for Jointly Owned Property?

By Ilyce Glink| 2020-12-23T11:18:50-06:00 December 23rd, 2020|

How do I avoid capital gains tax for jointly owned property? This reader wants to know how best to go about using the home sale exclusion when they sell the property. Q: My wife and I own our home jointly. The home has appreciated substantially in the 25 years we have owned it to the [...]

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    Should You Add a Child’s Name to Your Property Title?

Should You Add a Child’s Name to Your Property Title?

By Ilyce Glink| 2020-02-07T08:49:26-06:00 February 7th, 2020|

Should you add a child’s name to your property title? Pros and cons of adding a child as co-owner to avoid going through probate to inherit property. Q: I just read your column giving suggestions to an elderly mother who wanted to make sure her daughter received her home at death without probate. I'm a [...]

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    What Happens to a House When Someone Dies?

What Happens to a House When Someone Dies?

By Ilyce Glink| 2019-08-16T11:36:20-05:00 August 16th, 2019|

What happens to a house when someone dies? It depends on a number of factors like if there was money still owed on the home or a will naming an heir. Q: My husband and I refinanced my grandparents’ house because they had a reverse mortgage. My grandma had passed away and my grandpa was [...]

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    What Is the Right Way To Title a Home Purchase to Reduce Capital Gains or Inheritance Taxes?

What Is the Right Way To Title a Home Purchase to Reduce Capital Gains or Inheritance Taxes?

By Ilyce Glink| 2020-02-07T08:48:30-06:00 December 14th, 2017|

What is the right way to title a home purchase to reduce future taxes? Should you choose joint tenancy with rights of survivorship or a trust? What impact will the way you hold title have on capital gains or inheritance taxes?   Q: My mom sold her property and put all of the proceeds into [...]

  • I'm joint owners who gets the property when the other owner dies?
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    Understanding Joint Ownership in Estate Planning

Understanding Joint Ownership in Estate Planning

By Ilyce Glink| 2017-08-18T11:02:49-05:00 August 18th, 2017|

When it comes to joint ownership and estate planning, it's important to understand whether you own the property as tenants in common or tenants with rights of survivorship. Q: I have a question. My brother and I got an apartment together nine years ago. We are joint owners. He was never married but has four [...]

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