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re: Best Way to Transfer Real Estate to Heirs
Posted on 8/18/23 at 9:31 am to BillyGibbons
Posted on 8/18/23 at 9:31 am to BillyGibbons
lsufanhouston had the best answer in here. but i would consider the relative value of this property as you dig into this. people with minimal assets spend way too much time stressing over tax consequences and liability. if this is like a $200k property, it is probably not worth getting a tax attorney involved. a basic will would get 90% of what you want to accomplish without all the fuss. if grandma is bumping up against the estate tax exclusion, then i'd recommend an attorney with an LLM to start handling the estate now.
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