Adding a name to the deed

[loderunner888]

Hello,

I would like to add my mom's name to a property I own. What is the best
form of joint ownership that has the least tax consequence for both of us ?
Thanks in advance...

Loderunner888

 

[HomeGuru]

Hello,

I would like to add my mom's name to a property I own. What is the best
form of joint ownership that has the least tax consequence for both of us ?
Thanks in advance...

Loderunner888

**A: post tax questions in the proper tax forum.

 

[Ciarraine]

Hello,

I would like to add my mom's name to a property I own. What is the best
form of joint ownership that has the least tax consequence for both of us ?
Thanks in advance...

Loderunner888

You are probably going to want to do Joint Tenancy with Common Law Rights of Survivorship, since this has the advantage of avoiding probate.