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clim30 · Joined: 25 Jan 2011 Posts: 3 1.85 Dollars($)

would it be more cost effective if my name will be added to the title of my father's property or transfer the property to my name? I heard there fees to be paid should it be transfered.

adonis · Posted: Tue Jan 25, 2011 7:59 pm Post subject:

Welcome clim,

In both the cases, you and your father will be liable for paying off the fees at the county recorder's office. However, if your father transfers the property to you as a gift, then he will be liable for paying off the gift taxes.

Posted: Sun Jan 30, 2011 10:45 pm Post subject:

would a quitclaim be a good alternative

adonis · Posted: Tue Feb 01, 2011 11:13 pm Post subject:

Welcome Guest,

A quitclaim deed can be used to transfer property from one person to another. However, the grantor will be liable for paying gift taxes if he or she transfers the property as a gift.

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what are the fees for tranferring a CA property to a family member in CA. would it be better to add the name to the title instead?

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