Submitted by clim30 on Tue, 02/08/2011 - 00:00
Hi Josh, My mother is about to close escrow on a house she bought with cash
Hi Josh, My mother is about to close escrow on a house she bought with cash
Hi Josh, My mother is about to close escrow on a house she bought with cash here in CAlifornia. Her plan is to give this property in the future to me and was wondering what is the best way to hold title and whether the title be vested since our concern is the tax implication in transferring title in the future? I hope you can asisst in this process.
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Hi clim!
Welcome to forums!
In regards to the tax implication of property transfer, you need to contact your tax advisor and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane