uptomyneck
Junior Member
What is the name of your state? PA
My wife and I own a single family house in PA worth ~$200k and also a parcel of commericial land.
We would like to transfer the house and land to our children.
1 - What are the procedures?
2 - How can we do this to minimize the tax burden on the children and also my wife and I?
My wife and I own a single family house in PA worth ~$200k and also a parcel of commericial land.
We would like to transfer the house and land to our children.
1 - What are the procedures?
2 - How can we do this to minimize the tax burden on the children and also my wife and I?