Q&A: Is there a “gift form ” for a living parent to give an adult child a home? Will “quit claim” deed work
Question by : Is there a “gift form ” for a living parent to give an adult child a home? Will “quit claim” deed work
My mother wanted to give me her home that she owns outright.. Everyone says just use a quit claim deed… but my real estate agent say she needs to sign a special gift letter
Best answer:
Answer by JUST ME
A quit claim deed will transfer ownership.
A gift letter would only be for income tax purposes. Check with your tax advisor.
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