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Financial Planning / Tax Strategies


Subject:  Re: transfer of house title Date:  10/6/2013  8:36 PM
Author:  Donna405 Number:  119262 of 132129

You might want to check to see if all her senior discount on her taxes would be affected if she transferred it to your wife and her sister, retaining a life estate. In Florida, my mother conveyed her home to me retaining a life estate, and her "homestead" exemption remained until her death. Upon her death, all I had to do was file her Death Certificate in the recorder's office and the property was mine, not going through Probate.

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