Legal Question in Real Estate Law in Nevada

quick claim doc

i want to transfer my property to my domestic partner. i still o money on it. ''can i do this''


Asked on 3/19/07, 5:35 pm

2 Answers from Attorneys
James Smith James E. Smith Ltd.

Re: quick claim doc

You can but there may be a gift tax consequence. Also you will still be liable on the mortgage.

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Answered on 3/19/07, 5:46 pm
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

Re: quick claim doc

I disagree with Mr. Smith regarding the gift tax. You can use your exemption that your heirs would receive at death to give to your partner and pay no tax.

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Answered on 3/19/07, 6:34 pm


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