Posted on: 26th Jun, 2010 12:30 pm
Can my grandmother quitclaim deed part of her property to me even though it is written in a trust to go to my father? Most importantly, will I have to pay taxes on the land, other than regular property taxes?
Hi Becky,
The trust needs to revoked first. Then your grandmother will be able to transfer the property to you by using a quit claim deed. If the property is transferred to you, then you would be liable for all the taxes pertaining to that property.
Thanks
The trust needs to revoked first. Then your grandmother will be able to transfer the property to you by using a quit claim deed. If the property is transferred to you, then you would be liable for all the taxes pertaining to that property.
Thanks