Gifting real estate

What is the name of your state? Washington, however, the home in subject is in Mississippi.

Lucky me, my husband's father is wanting to gift us a house. Mom & Dad are divorced and legally Mom has control of the house until the youngest turns 18yrs (she lives in Wash. St., the house is in MS). So, the house will need to be signed over by both parents (any form/verbage you can suggest?) and I know that Dad will need to file form 709 (gift tax return), but are there any other legal hurdles I may want to pay attention to?

Any suggestions will help! Thanks.

[I AM ALWAYS LIABLE]

Originally posted by Monquie
What is the name of your state? Washington, however, the home in subject is in Mississippi.

Lucky me, my husband's father is wanting to gift us a house. Mom & Dad are divorced and legally Mom has control of the house until the youngest turns 18yrs (she lives in Wash. St., the house is in MS). So, the house will need to be signed over by both parents (any form/verbage you can suggest?) and I know that Dad will need to file form 709 (gift tax return), but are there any other legal hurdles I may want to pay attention to?

Any suggestions will help! Thanks.

=====================================


My response:

Being given a house that's in Mississippi?

Lucky you?

I don't think so.

IAAL

P.S. If you're dead set about moving from the beauty and majesty of gorgeous Washington State, into the banjo-playing lowlands of Mississippi, then I'd suggest you contact a Realtor in Ms. - - preferably one that has graduated high school.

IAAL

Q: If someone gave you a FREE home (to do with what you will-even SELL so you can move where ever you want and build a new home), you mean to tell me you would say no?

I understand that you have a right to your own opinion, so do I. I posted a question in this forum to possibly receive some valuable advice, not some comment from a smart ass "attorney" who presumes to know my situation as well as the education level of real estate agents in Mississippi. Thanks anyway.

"People prefer to stay with problems they understand rather than look for solutions they're uncomfortable with."

Be well.

[I AM ALWAYS LIABLE]

Originally posted by Monquie
Q: If someone gave you a FREE home (to do with what you will-even SELL so you can move where ever you want and build a new home), you mean to tell me you would say no?

I understand that you have a right to your own opinion, so do I. I posted a question in this forum to possibly receive some valuable advice, not some comment from a smart ass "attorney" who presumes to know my situation as well as the education level of real estate agents in Mississippi. Thanks anyway.

"People prefer to stay with problems they understand rather than look for solutions they're uncomfortable with."

Be well.

My response:

Sweetheart, on these forums, I can say exactly what I'm thinking, and I usually do - - unlike in my practice. There, I'd be thinking it, but would have to keep my opinions to myself. I don't intend to keep my mouth closed here. If I see someone doing themselves an injustice, I'm going to say something about it. Period. And, whether you like it or not.

Believe me, any attorney worth his or her salt, would be thinking the same thing as I've said to you. You're nuts if you move to "banjo country."

Yes, sell the place - - but don't move there. Washington State is too beautiful to leave!

IAAL

[HomeGuru]

I agree with IAAL.
signed,

another smart ass attorney.

I appreciate the input (good or bad).

I agree Washington is beautiful. So is MS.

I assume that you have been to MS since you have such a high opinion (*sarcastic*), so you would know that it is extremely lush and has beautiful rolling hills. You may not like MS, but my husband grew up there and loves it. So, if you think it is such a horrible place, I guess we won't have to worry about you moving there. One less attorney, one less person to over populate.

(pause)

I digress.

I don't want to discuss whether or not it is a good idea to move. That is not why I posted my question here in the first place. I was/still seeking legal advice, not an opinion. Since the conversation has gone the wrong direction, I believe more details will help refocus on the original question.

My husband and I want the house to be signed over to us so we can move to MS (hubby grew up in this house), remodel the house (we are a contractor), put it on the market, travel the country, find a place we both like and as soon as we sell the home, we will move and rebuild.

- That said -

Regardless what we do with the house (stay or sell & move), I am wanting to be sure we have all our loose ends tied so that we are going to financially gain from this once in a life time offer. (I don't want to move from Washington for nothing) I don't know to many people who are given a house as a wedding gift and I want to take advantage of it.

Thanks.

** Triumphs without difficulties are empty. Indeed; it is difficulties that make the triumph. It is no feat to travel the smooth road. **

[HomeGuru]

"What?"

Austin 3:16

What do you mean "What?" Could you be more specific?

I was hoping to gain some legal advice by posting here, but all I have received is critisim and prejudice. If that is what I wanted, I could have called my Mom.

I guess my expectations of this forum were far too lofty. *humpf*

Signed,

Disappointed

[Souix]

I read somewhere that Mississippi's state motto is , "Come and Feel Better About Your State"....my advice? Sell it and stay in Washington.

[HomeGuru]

Writer, search quit claim deed.