How to avoid paying capital gains tax on inherited property. Minimize the potential tax consequences of transferring property from parent to child. Q: I have a question about a recent answer you gave to a reader. The question relates to a daughter that acquired her share of the home from her mom while her mom [...]
Is an unrecorded deed valid? This reader transferred ownership of the home but is receiving tax bills, are they still the legal owner of the property? Q: My wife and I had a lakehouse. The home originally belonged to her ex-husband before he went to prison. We had an agreement with him that while he [...]
Using a quitclaim deed to put property in living trust. This homeowner has questions about signing a quitclaim deed to put property into her husband's living trust. Q: My husband used his inheritance to purchase our home outright. I signed a quitclaim deed to him to put the property into his living trust. The condition [...]
