Lily shows a good relationship with her kids, so she can title the condo in their names. Sometimes there is truly a gift-tax issue when transferring ownership a good asset to a child. I almost never recommend adding a child's name on the home, however in this case it is wise and she shouldn't incur any tax liability.

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D. They're afraid they can afford a living trust. Many attorneys charge thousands of dollars to prepare a living trust, and simply because they do don't have that kind of money involving their budget. A trust will never cost that much, on the. Here's something many attorneys won't a person. Much of the text in trust documents is the same just about every trust. Trusts are almost universally prepared on computers that remember all that language. The preparer's job is to fill on personal details for everyone. The preparer doesn't start yourself for each trust.

The Realtor lost. The board found out that he was placing their own financial gain over his fiduciary responsibility to his clients. The "pre-listing" was cancelled and the Realtor presumably received type of of recently. This can range from your own warning letter, to additional education requirements, and sometimes revocation of licence