What is the name of your state? Oregon
My mother wants to add my sister and brother-in-law to the title of her house, in order to keep the house from going through probate after she dies. (My brother and I agree that my sister should get the house.) Is it legal to do this in Oregon, and will it keep the house out of probate? Does this action have gift tax implications?
Thanks in advance for your help; I want to make sure we don't inadvertently make trouble for ourselves in an attempt to make things easier!
My mother wants to add my sister and brother-in-law to the title of her house, in order to keep the house from going through probate after she dies. (My brother and I agree that my sister should get the house.) Is it legal to do this in Oregon, and will it keep the house out of probate? Does this action have gift tax implications?
Thanks in advance for your help; I want to make sure we don't inadvertently make trouble for ourselves in an attempt to make things easier!