Legal Question in Real Estate Law in Utah

Quit claim vs. inheritance tax

I have been told to it is better to quit claim my property while I am living to avoid my relatives paying inheritance taxes. is this true?


Asked on 5/25/07, 11:02 am

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Quit claim vs. inheritance tax

Only if you want to take the risk of being evicted from your own house. The only safe thing to do is to create a trust and title the home in the name of the trust. At your death the trust still owns the house and can transfer it to your designated heirs - or sell it and disburse the money to the heirs. DO NOT QUIT CLAIM IT TO ANYONE. You may call for a free consultation.

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Answered on 5/25/07, 12:05 pm


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