Legal Question in Real Estate Law in Indiana

A quitclaim deed will allow you to quickly transfer title to the real estate to your daughters if title is held free and clear. However, be aware that there may be tax consequences depending on whether title is given as a gift or as part of a purchase. If the real estate is subject to a mortgage, lien or other encumbrance, then the transaction will not be as simple and may require you to pay off any debts secured by the real estate.

This response is provided for informational purposes and is not intended to serve as legal advice. You should consult with an attorney or tax professional to discuss the facts of your particular situation which may lead to additional issues or a different strategy.