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berettafan berettafan is online now
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Join Date: Feb 2006
Location: Maryland
Posts: 21,688
by adding names to a home pre-death you are 'gifting' the home at that time. thus potentially requiring the filing of a gift tax return and very efficiently losing the wonderful step up in basis to FMV at DOD that would have occurred if the home/asset were kept by the deceased until passing.

a note to all please consult your own atty/cpa on issues like this. no one scenario works for everyone.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
Old 08-24-2017, 12:26 PM
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