Legal Question in Real Estate Law in California
Trying to quick deed a commercial property from my parents living trust to me their oldest son. Father is deceased, but mother wants to have property put into my name
2 Answers from Attorneys
The trustee must document the transfer and reason the trust is doing this, and complete the proper deed forms to record. Consult with your tax person to determine how it should be structured to minimize tax consequences. If serious about hiring counsel to help in this, feel free to contact me.
What you are proposing to do could have massively bad tax consequences. DO NOT record any deed until you have talked to a qualified tax advisor. Considering that you do not even know that there is no such thing as a "quick deed," you are very likely to create a serious, and potentially very expensive, mess for yourself if you proceed without getting legal an tax advice in person from local sources. The internet will just screw you up even more.
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