Legal Question in Wills and Trusts in Michigan

real estate property

I want to give my son a house that is

free and clear,should I deed it or put in

a trust, also what are the tax

consequences of each?


Asked on 7/16/09, 5:58 pm

2 Answers from Attorneys
John Tatone John R. Tatone & Associates PLC

Re: real estate property

You should check with your CPA for tax issues. However, most of my clients prefer to maintain control over thier properties and use a trust. Contact me to discuss same in more detail. johntatone.com

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Answered on 7/17/09, 11:11 am
Timothy Klisz Klisz Law Office, PLLC

Re: real estate property

Your first question depends on what you want to accomplish. Deeds are the cheapest way. In terms of tax consequences, you need to check with your CPA. Visit www.kliszlaw.com to discuss further. Tim Klisz

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Answered on 7/16/09, 6:00 pm


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