Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Not a lawyer here, but at some point they really ought to drop a few bucks on one to make sure things are done properly. There's something rattliing around in my gin-soaked brain about the "Statute of Frauds" and the requirement that everything regarding the transfer of real estate has to be written.

I tried to warn my brother at the time that there would be tax implications; however, it didn't sink in. He was only focused on finding a way to help his son purchase the house in the absence of traditional financing. He now realizes the error of his ways.
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.