---

What form do I need to add my name to paid home before my mother dies.

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
susanz1 Joined: 27 Feb 2011 Posts: 1 1.33 Dollars($)	Posted: Sun Feb 27, 2011 9:17 am    Post subject: What form do I need to add my name to paid home before my mo Like 0 Dislike 0 My mom is 88 years old and wants to give her full paid home to me, but don't know which form to use, grant deed or quit claim or both? Also, is there a form to avoid inheritance tax? I would like to pay the taxes she paid when she bought the home in 1967.
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Feb 27, 2011 7:45 pm    Post subject: Like 0 Dislike 0 Hi susanz, Your mother can use a warranty deed in order to transfer the property in full to you. However, if she transfers the property to you as a gift, then she will be liable for paying gift tax. _________________ Procrastination is the enemy of your financial success
Susan Shauf Guest	Posted: Sun Feb 27, 2011 9:07 pm    Post subject: Form required? Like 0 Dislike 0 What form can she use to avoid paying gift tax?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Feb 28, 2011 11:09 pm    Post subject: Like 0 Dislike 0 Hi Susan! Welcome to forums! You should contact a tax adviser and take his help in this matter. The tax adviser will be able to guide you in this matter. Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0