If you own real estate and are wondering what is the best way to pass it along to your children or keep it in the family, this article is for you.
From About.com's William Perez's blog "William's Tax Planning Blog" Mr Perez takes a question regarding the transfer of a condominium in Florida between a father and daughter. He reviews the tax aspects and gives options on how one can transfer property and save on taxes. Although this article is specific to one property, the points it makes and options it gives are ones that we can all review and make the best choice when passing real estate along to family.
The Gift of Real Estate: Generosity Can Be Taxing
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