answersLogoWhite

0


Best Answer

Yes, there could very well be a gift tax. Consult a tax attorney. And the estate could pull the property back into the estate if it is within a few years of death.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is there a gift tax if deeding house to child before death?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What was the name of Princess Diana's house?

Her home she lived in as a child is called Althorp. The home she lived in before her death was Kensington Palace.


Can the executor sell mom's house before her death?

They certainly may not sell it before her death! They have no power to do anything.


What movie was Robby Benson in where he was like a wild child living in the basement of a house?

Death of Ritchie


How old does my child have to be before he can lebe left in the house alone?

Its really up to you


Can an Adult child living with mother claim adverse possession after her death if the house is in a sister's name?

The child was living in the house with permission. Permissive use is a bar to any claim of adverse possession. I assume the property is owned by a second child.


What are the release dates for House Hunters - 1999 A Chicago Couple Starts House Hunting Before Their Second Child Arrives 30-12?

House Hunters - 1999 A Chicago Couple Starts House Hunting Before Their Second Child Arrives 30-12 was released on: USA: 4 January 2009


If an aunt died in Ohio and left her house to a niece in her will but the house is in the name of a different niece of hers who would get the house?

If the house was transferred by deed before the death of the testator then it was not owned by her at the time of death and didn't become part of her estate. The gift in the will would be void.


Did Toni Morrison live in a house when she was a child?

Yes, Toni Morrison lived in a house as a child. She was born and raised in Lorain, Ohio, where she spent her formative years before eventually becoming a renowned author.


How long before death in a house closed in?

Since death is an event without fysical form, you cant, by definition, "close it in" any physical space.


When was Child in the House created?

Child in the House was created in 1956.


It it legal for a mother with a child from another father who has visitation rights to allow her fiance to move into the house with the child from the original father before marriage?

I don't believe so.


When was Isaac Child House created?

Isaac Child House was created in 1875.