Posted on: 25th Feb, 2010 03:47 pm
My daughter and son in law are living in a home i own in Texas there is no mortgage . How do I get it transfer to them, and will I have to pay any taxes on this.
You can use a Quit Claim to gift it to them, but there are taxes with gifts like that. You should review the scenario with an Estate Planning Attorney, so she can tell you how to assemble the transaction so both you and your daughter aren't impacted negatively.