Posted on: 09th Mar, 2011 11:05 pm
What would I need to do to have my father transfer his property to me when he dies.? Would this transfer require me to pay taxes upon receiving the property?
Thanks
Thanks
Welcome Guest,
Your father can leave back a will mentioning you as the beneficiary. After your father is deceased, you should probate the will and get the property transferred in your name. As far as taxes are concerned, you need to contact a CPA and he/she will be able to assist you in a better manner.
Your father can leave back a will mentioning you as the beneficiary. After your father is deceased, you should probate the will and get the property transferred in your name. As far as taxes are concerned, you need to contact a CPA and he/she will be able to assist you in a better manner.