TRANSFERRING TITLE AMONG FAMILY MEMBERS: Don’t get caught with unnecessary tax exposure and liabilities by signing a Quit Claim Deed over to a family member. Many people make the mistake of just signing a Deed without consulting a professional about the consequences. For instance, you risk losing some kind of tax exemption provided by the State or the County where the property is located. If you execute a Quit Claim Deed on your homestead to someone such as your son, but your son has another homestead property, then you are waiving your right to homestead exemption on the devised property.
Transferring Title Among Family Members
- August 28th, 2012|Comments Off on Protecting Yourself Against Claims of Discrimination and Wrongful Termination