Posted on: 08th Aug, 2010 03:22 pm
Can a Living Trust quitclaim a property to a family member without tax penalties for either party?
Hi Chelly,
A property can be quit claimed to a family member from a living trust. I don't think there would be any tax penalty for either parties who would be a part of this transaction. However, for further advice on this matter, you can get in touch with a tax adviser.
A property can be quit claimed to a family member from a living trust. I don't think there would be any tax penalty for either parties who would be a part of this transaction. However, for further advice on this matter, you can get in touch with a tax adviser.