Real property transfer
Can a parent gift a house to an adult child without tax ramifications? If not, are there ways to transfer title that are less burdensome financially?
Asked on 3/18/07, 8:31 pm
1 Answer from Attorneys
Michael Ritter
Law Office of Michael H. Ritter
Re: Real property transfer
Reducation or elimination of taxes on gifts requires a solid strategy. You should seek the assistance of an estate planning attorney and a tax professional to review the details of your case. Get good advice. It's worth it, especially if the tax savings are substantial.
Answered on 3/19/07, 3:28 pm
