The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/my-mother-in-law-wants-to-transfer-the-title-of-30909217.aspx

Subject:  Re: transfer of house title Date:  10/6/2013  6:26 PM
Author:  inparadise Number:  119259 of 129670

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.

This can cause a problem if she is looking for medicaid assistance with affording long term care: http://www.nolo.com/legal-encyclopedia/how-can-i-safely-tran...

IP
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us