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Financial Planning / Tax Strategies


Subject:  Re: transfer of house title Date:  10/6/2013  6:08 PM
Author:  Jeanwa Number:  119258 of 129584

My mother-in-law wants to transfer the title of her house into my wife and sister-in-laws names. Does this cause any problems 'tax-wise' down the road? She will continue to make pay all taxes. She just wants to take the house out of her name.

The first thing that came to my mind was in WA State seniors can qualify for a property tax exemption...but only if they own the house. If it was transferred to your wife and SI name she would loose the exemption, if she had it.
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