Legal Question in Real Estate Law in Florida

Re: Real Estate Quick deed

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A quit claim deed is generally the instrument used to transfer an interest from a parent to a child. I have answered many questions in the past about tax consequences which can be severe. You will lose any stepped up basis and possibly pay much greater taxes upon the sale of the property if you take title now instead of at the death of your mother.

I suggest that you discuss this matter and have a qualified attorney

draft the deed for you to make sure it is done properly and that the title is not "messed up".

Scott R. Jay, Esq.

Scott R. Jay, Esq.

Re: Real Estate Quick deed

Taxes always play a role when you're dealing with real property. You can use a quit claim or warranty deed, but that doesn't cover the tax issues.

Re: Real Estate Quick deed

It may depend upon whether the property qualified under Florida Homestead Exemption Status.