What is the name of your state?What is the name of your state? NY
My aunt & uncle would be purchasing a coop. I just want to know if they can later give it as a gift to me or any family member and tax situation associated with this gift.
If it is not transferrable, since it is considered stocks rather real estate, can we put it in a trust? Can the board stop us from doing this?
Your advice is greatly appreciated.
Thanks,
Girlie
My aunt & uncle would be purchasing a coop. I just want to know if they can later give it as a gift to me or any family member and tax situation associated with this gift.
If it is not transferrable, since it is considered stocks rather real estate, can we put it in a trust? Can the board stop us from doing this?
Your advice is greatly appreciated.
Thanks,
Girlie