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What is the best way to transfer property to family with less tax implications?

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clim30 Joined: 25 Jan 2011 Posts: 3 1.85 Dollars($)	Posted: Tue Feb 08, 2011 6:35 pm    Post subject: What is the best way to transfer property to family with les Like 0 Dislike 0 My Mom's property in California is paid and she would like to transfer the title to me in the near future and was wondering what is the best way to transfer title with the least tax implications?
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Tue Feb 08, 2011 8:52 pm    Post subject: Like 0 Dislike 0 Hi clim, Your mother can use a warranty deed in order to transfer the property to you. She can contact a real estate attorney and he will draft the deed and can also guide her regarding less tax implication for property transfer. Thanks

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