Posted on: 13th Oct, 2010 10:19 am
hi,thank you for your reply.Doing a quitclaim deed and transfering the property to my mother,are there any fees involved and can I do it my self @ my local nyc dept. of finance? Also are there any transfer taxes that would have to be paid ,upon her death,when the property is transferred to me?
it will be better if you can take the help of a real estate attorney in order to get the quit claim deed drafted. the attorney will help you in filling out the deed, notarizing and recording it. there are certain taxes which you'll have to pay when you transfer property through a quit claim deed.