Legal Question in Real Estate Law in California

Real property transfer

Can a parent gift a house to an adult child without tax ramifications? If not, are there ways to transfer title that are less burdensome financially?


Asked on 3/18/07, 8:31 pm

1 Answer from Attorneys

Michael Ritter Law Office of Michael H. Ritter

Re: Real property transfer

Reducation or elimination of taxes on gifts requires a solid strategy. You should seek the assistance of an estate planning attorney and a tax professional to review the details of your case. Get good advice. It's worth it, especially if the tax savings are substantial.

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Answered on 3/19/07, 3:28 pm


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