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joint tenancy with father on house

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T

thdavenport

Guest
What is the name of your state? PA
My 84 year old Dad just had his house retitled with me as joint tenancy. Was this a good idea? What are the tax consequences when he passes away? He was trying to make the passing of the house to me easier. I may or may not move into the house when he passes away. Does this effect the tax consequences?
Please help as I don't know whether I should try to "undue" what Dad has done.
 



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