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re: Living inheritance / estate transfer tax in Louisiana - Question

Posted on 4/4/23 at 9:17 pm to
Posted by slackster
Houston
Member since Mar 2009
85114 posts
Posted on 4/4/23 at 9:17 pm to
quote:

I’m selling my share of the house to my mother. Both of our names are on the house.


I have a suspicion you’re a naked owner of the house, which is not exactly the same as being the owner. You should check the JOP that gave you possession of the house to be sure.
This post was edited on 4/4/23 at 9:19 pm
Posted by JonTigerFan11
Member since May 2016
867 posts
Posted on 4/4/23 at 9:35 pm to
Agreed. You need to check the JOP. If you are the naked owner you can sell your naked ownership rights, although selling your naked ownership to your mother as usufructuary doesn’t make a lot of sense. What is the end goal behind selling back to your mom?
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