Posted on: 30th Apr, 2011 08:24 am
my mother gave me all her assets upon her death,a house and small amount of cash,i am the poa and beneficary of her will,however i dont want the house.i loaned my mom some money to help buy her house years ago,but i could recover my loan with the cash portion,i want to gift the house worth about 120000 to my sisters,what is the easiest way to get this done,we all live in texas
Welcome rip,
You can use a warranty deed or a gift deed in order to transfer the property to your sister. However, as you're gifting the property to your sister, you'll be liable for paying off the gift taxes.
You can use a warranty deed or a gift deed in order to transfer the property to your sister. However, as you're gifting the property to your sister, you'll be liable for paying off the gift taxes.