Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
If you truly meant "not" putting my name on the title to her condo, this is definitely something new for me to think about. I thought that by putting both names on the title, it would make things easier as we would avoid probate if something happened to one of us. I guess the 50/50 owners and 50% stepped-up basis would apply because I would not actually be a joint tenant?

Whether you live there or not doesn't matter for estate purposes.
If both of your names are on the title, when she dies you get a step-up on half the value. If it's in her name, you get a step-up on the whole thing.

Did you know that there is an active estate planning board here at the Fool?

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.