What is the name of your state (only U.S. law)? Ohio
My parent's recently completed their living trust, of which I will be trustee when they have both passed.I basically take care of all their business, financial and personal now, but this is just by agreement and there is nothing in writing.
My parents bought my sister a condo in Columbus in 1995.She has lived there that whole time but it is still deeded to my parents.( I just found this out recently).
I now need to make arrangements for my parents to deed this property to my sister.What would be the best way to accomplish this?? A quit claim deed or just a regular warranty deed.
What would be the tax implications?
Should this be in the tax forum questions?
Thanks for any help you may be able to provide.
My parent's recently completed their living trust, of which I will be trustee when they have both passed.I basically take care of all their business, financial and personal now, but this is just by agreement and there is nothing in writing.
My parents bought my sister a condo in Columbus in 1995.She has lived there that whole time but it is still deeded to my parents.( I just found this out recently).
I now need to make arrangements for my parents to deed this property to my sister.What would be the best way to accomplish this?? A quit claim deed or just a regular warranty deed.
What would be the tax implications?
Should this be in the tax forum questions?
Thanks for any help you may be able to provide.
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