Legal Question in Real Estate Law in California

Home deed

My parents and I are on the deed to our home. My father passed away and my mother and I want to get his name removed from the deed. Are there any tax consequences for doing so?


Asked on 7/02/09, 4:55 pm

2 Answers from Attorneys

David Gibbs The Gibbs Law Firm, APC

Re: Home deed

You need to consult with a tax attorney, or a CPA for answers to tax questions, even if they involve real estate.

*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.

Read more
Answered on 7/02/09, 6:16 pm
Scott Linden Scott H. Linden, Esq.

Re: Home deed

I am sorry to hear of your father's passing. I know it is painful to lose a parent.

In regards to your question:

How were you all on the deed? As co-tenants or joint tenants with the right of survivorship? It makes a diffrence.

Additionally, since your mother is a surviving spouse and you are a child, there are exemptions to a property tax increase that can be used for you both, depending, of course, on how the property is titled.

If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com

IMPORTANT:

No attorney-client nor confidential relationship is created through this communication. You may not rely in any way on this communication, and nothing herein constitutes legal advice nor legal opinion. Your issue may be time-sensitive and may result in a loss of rights if you do not obtain an attorney immediately.

Read more
Answered on 7/02/09, 9:01 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in California