SandiBeach
Junior Member
What is the name of your state (only U.S. law)?
My state: Florida
Okay, my mom and dad and I went down to an attorney since he wanted to have everything drawn up, living will, giving me the house when they pass, etc.
I am just a bit curious as to why the attorney would use a warranty deed for this purpose?
They did want to keep everything out of probate but I never heard of this in FL? Their home is in need of repair and my hubby and I are having a new roof, a/c, new kitchen/bath plus entrance doors and new windows installed. Is this the reason for it? Would it have to to with capital gains taxes? TIA
My state: Florida
Okay, my mom and dad and I went down to an attorney since he wanted to have everything drawn up, living will, giving me the house when they pass, etc.
I am just a bit curious as to why the attorney would use a warranty deed for this purpose?
They did want to keep everything out of probate but I never heard of this in FL? Their home is in need of repair and my hubby and I are having a new roof, a/c, new kitchen/bath plus entrance doors and new windows installed. Is this the reason for it? Would it have to to with capital gains taxes? TIA