Bill Rappaport
New member
What is the name of your state? New York City
Greetings!
For what seemed like a good reason at the time, my co-op is under my sister's name. I have, of course always paid the maintenance and also originally provided money to purchase the apartment.
Now, about twenty years later, the original reason for putting it under my sister's name is no longer valid and I would now like the title to be under my name as I am, in fact, the de facto owner.
I am thinking this will be a little more involved than just signing a document. Would someone be able to tell me what is involved in order to do this?
Will there be taxes involved in handing it over and approximately how much would they be?
Thank you so much in advance for your expert opinion and advice on this subject.
Bill R.
Greetings!
For what seemed like a good reason at the time, my co-op is under my sister's name. I have, of course always paid the maintenance and also originally provided money to purchase the apartment.
Now, about twenty years later, the original reason for putting it under my sister's name is no longer valid and I would now like the title to be under my name as I am, in fact, the de facto owner.
I am thinking this will be a little more involved than just signing a document. Would someone be able to tell me what is involved in order to do this?
Will there be taxes involved in handing it over and approximately how much would they be?
Thank you so much in advance for your expert opinion and advice on this subject.
Bill R.