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transfer property

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    Explaining California Prop 13 Transfer Rules

Explaining California Prop 13 Transfer Rules

By Ilyce Glink| 2019-10-24T11:30:19-05:00 October 18th, 2019|

Explaining California Prop 13 transfer rules. Proposition 13 capped property taxes at one percent, but what happens when you transfer home ownership? Q: The family trust has one piece of real estate in California. If a buyer wants to protect the low Proposition 13 basis, may he or she "buy" the trusteeship and pay the [...]

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    What Happens to My Taxes When I Use a Quitclaim Deed to Transfer Property?

What Happens to My Taxes When I Use a Quitclaim Deed to Transfer Property?

By Ilyce Glink| 2018-06-15T10:38:35-05:00 January 26th, 2018|

What happens to my taxes when I use a quitclaim deed to transfer property? The answer depends on a few factors, including whether or not you earned income on the property. Q: I bought a property for my niece some time ago. I paid for it with cash and she was paying me back in [...]

  • quit claim deed warranty deed transfer property ownership
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    Quit Claim Deed Vs. Warranty Deed To Transfer Property Ownership From Father to Son

Quit Claim Deed Vs. Warranty Deed To Transfer Property Ownership From Father to Son

By Ilyce Glink| 2017-06-07T13:52:06-05:00 August 13th, 2009|

Quit claim deeds are a popular tool used by many, but in some cases a warranty deed is a better option. When a relative owns a home, should you quit claim that home to a child? Usually, you shouldn't use a quit claim deed to avoid estate planning issues. The better option is to work with an estate planner to determine whether you should keep the property, set up a trust or another mechanism to transfer property from a parent to a child. But usually it's not going to be a quit claim deed.

  • transfer ownership property between family mortgage quit claim deed
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    Transferring Ownership Of Home Between Family Members

Transferring Ownership Of Home Between Family Members

By Ilyce Glink| 2017-06-07T13:54:27-05:00 June 26th, 2009|

Transferring home ownership between family members can be problematic. Often, family members help each other out with a signature or by putting their name on the mortgage. However, you need to consider more than just a quit claim deed to transfer a title. Who is responsible for mortgage payments? Whose credit score will be affected by thy home loan? What happens if someone passes away? Who will inherit the property?

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