Legal Question in Real Estate Law in Nevada

Interitance Tax on Real Estate Property

Is it possible to put our only daughter, who is a legal adult, on our real estate deed to avoid the interitance tax later?


Asked on 9/30/08, 4:43 pm

2 Answers from Attorneys
Paul Malikowski Malikowski Law Offices, Ltd.

Re: Interitance Tax on Real Estate Property

In the unlikely event your estate will be subject to inheritance tax, your proposed solution may subject you to gift tax now.

Your tax advisor can explain further.

Read more
Answered on 9/30/08, 4:46 pm
James Smith James E. Smith Ltd.

Re: Interitance Tax on Real Estate Property

Bad idea. Gift tax is higher than inheritance tax unless you're a millionaire.

Read more
Answered on 9/30/08, 4:54 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Nevada