Legal Question in Real Estate Law in Pennsylvania

George Washington Transfer

I am trying to find out if there is a way for my boy friends Uncle's father to have his name taken on the title of the house and either transfered to my boyfriends name or the Uncle's for $1. I was told about the george Washington Transfer but cannot locate any information on the subject and would appreciate any information.


Asked on 7/31/00, 7:25 am

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: George Washington Transfer

Itis possible. There is nothing written about it. When a deed is executed there is no requirement to specify a value. In Pennsylvania the value of consideration is used to calculate the transfer tax of two percent (outside of Philadelphia). However, the transfer may be tax exempt. I suggest you consult an attorney for further details.

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Answered on 9/12/00, 7:35 pm


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