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What should we do to reduce the taxes and other costs to transfer the house ownership to my daughter?

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jjkaminskijr Joined: 23 Jan 2010 Posts: 1 1.23 Dollars($)	Posted: Sat Jan 23, 2010 7:08 am    Post subject: What should we do to reduce the taxes and other costs to tra Like 0 Dislike 0 My daughter lives in our other house in Austin, TX.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Sun Jan 24, 2010 10:28 pm    Post subject: Like 0 Dislike 0 Hi jjkaminskijr! Welcome to forums! You can place a property in a trust and declare your daughter as the beneficiary of your trust. Thus, when you are deceased, she will be able to inherit the property and taxes would be comparatively less. Sussane

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