Answers (1)
- wetdawgs
- Contributions:39536
Is the mortgage in your name also? If so, your daughter will have to refinance in her name. You probably should get a real estate attorney involved to make sure the transfer covers all legal aspects. If the house is worth more than the annual gift limit (about $13,000), you may have to pay gift taxes.
My daughter bought her house but in my name. What document does she need to transfer ownership?
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