Legal Question in Real Estate Law in California
Home deed
My parents and I are on the deed to our home. My father passed away and my mother and I want to get his name removed from the deed. Are there any tax consequences for doing so?
2 Answers from Attorneys
Re: Home deed
You need to consult with a tax attorney, or a CPA for answers to tax questions, even if they involve real estate.
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Re: Home deed
I am sorry to hear of your father's passing. I know it is painful to lose a parent.
In regards to your question:
How were you all on the deed? As co-tenants or joint tenants with the right of survivorship? It makes a diffrence.
Additionally, since your mother is a surviving spouse and you are a child, there are exemptions to a property tax increase that can be used for you both, depending, of course, on how the property is titled.
If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com
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