QUESTION
How do I put my name on my mom's deed she wants to give me her house before she passes. And her name off the deed? And will this hurt her chances for
Asked on Jun 22nd, 2021 on Estate Planning - California
More details to this question:
Mom wants to give me her mobile home now before she passes, how do I take her off deed and myself sole owner? Will this hurt her medicaid?
1 ANSWER
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As for as capital gains taxes, it is better for you to get it upon her passing, so that your basis for determining income will be higher, which will give lower net income, and, therefore, less taxes.
Answered on Jun 23rd, 2021 at 6:03 AM