Legal Question in Real Estate Law in Texas
Gifting a house to a family member
what all do we need to do to ''gift'' a house to a family member??
Asked on 3/18/09, 5:50 pm
1 Answer from Attorneys
Re: Gifting a house to a family member
If you own the house outright, you can use a warranty deed. Please make sure that you speak with a professional about this, as it's not as simple as it sounds. There can be tax implications in transferring property, especially if it has increased in value from when it was purchased.
Answered on 3/19/09, 11:29 pm