Posted on: 20th Aug, 2010 11:36 pm
LAST MONTH I BUY A. PROPERTY IN NV. I PAY THE FULL PRICE IN CASH AND I. DECIDE TO PUT THE PROPERTY IN MY SON NAME FOR LEGAL ISSUES IN THE FUTURE I NED TO GET THE PROPETY TITLE ON MI NAME WHAT CAN DO LEGAL WITH OUT ANY PAYMENT
Welcome lleoardo,
You can sign a warranty deed and transfer the property to your son. You can transfer the property as a gift to him. However, if you transfer the property as a gift, you would be liable for paying gift tax.
You can sign a warranty deed and transfer the property to your son. You can transfer the property as a gift to him. However, if you transfer the property as a gift, you would be liable for paying gift tax.