Which Is Better, For Tax Purposes, A Quit Claim Deed Or To Be Written Into A Living Trust?
2 Answers - Sort by: Date | Rating
The Quit Claim has to be done now so if your want someone to have something later but not right now because you may be using it, go with the living trust. You can bequest something to someone but when you quit claim something it is effective when you sign the document. You might be better served seeking some professional assistance if your confused on what to do.
1
0
Without further knowledge of what you wish to accomplish, I must say go with the [revocable] living trust...♥Nassy
0
0
- How Would You Find Unclaimed Money Or Property From An Inheritance?
- Does Lagos Have Inheritance Tax?
- Do I Have To Pay Inheritance Tax On A House That My Mother Did Not Own, But I'm Taking Over The Payments?
- I Recently Received An Inheritance From My Father's IRA Which Is Now In A Bene- IRA. Must I Take A Distribution Or Can I Let The $$$ Sit And Accumulate?
- I Am On SSI Do I Have To Pay Out If I Receive An Inheritance In Florida?
- Do I Pay Inheritance Tax On A Ira If I Don't Live In That State?
- How Much Taxes Have To Be Paid When Real Estate Is Inherited Illinois?
- Do You Have To Pay Taxes On Inheritance Money?
- My Mom Died In Florida I Live In Texas Do I Have To Pay Inheritance Tax?
- What Is The Inheritance Tax In Illinois?
- What Is The Inheritance Tax In New Jersey?
- What Is The Inheritance Tax On A Car?
- Can Much Money Can U Inherit In Texas Before U Have To Pay Inheritance Tax,and Can U Invest Back Into Building A House(homestead) For Yourself With With Money And No Taxes?
- My Mother Recently Died. She Had A 401K Which Was Part Of Her Revocable Living Trust. The Trust Has Changed To An Irrevocable Trust. What Are The Tax Liabilities Of This Trust As It Relates To The 401K?
- Is There Inheritance Tax In Calif?
- Do You Have To Pay Taxes On A Trust Fund?
- My Dad Just Deeded My House To Me. Do I Have To Pay Inheritance Taxes And Are There State And Federal Taxes?
- Inheritance From A Friend That Passed Away Of $10,000 Do I Have To Pay Taxes On It.?
- What Is The Amount Of Tax On An Inheritance?
- How Much Is The Inheritance Tax For New Mexico?
- Do I Pay Inheritance Tax In Georgia?
- How Long Do You Have To Pay Off Pa Inheritance Tax?
- My Mother Recently Passed Away And Left Me Some Money...Do I Have To Pay An Inheritance Tax? Because I Have Done My Taxes And They Show That I Have To Pay 439 Dollars To State And 237 To Federal..
- I Live In Alabama, My Wife Is Inheriting Some Money Will She Have To Pay Taxes On This, She Disabled And She Is Below Poverty Line?
- My Son Is 20 Years Old And Never Worked...i Used 4000 Dollar Inheritance Of His To Pay Bills....do I Pay Taxes On This And How Much..and What Form Do I Need To Fill Out?
Featured Question
- Business & Finance
- Personal Finance
- 401k
- Bank Accounts
- Bank Charges
- Bankruptcy
- Benefits
- Child Trust Fund
- Credit Cards
- Credit Unions
- Death Duty
- Debt
- Estate Planning
- Family Benefit
- Fraud
- IVA
- Income Tax
- Inheritance Tax
- Interest Rates
- Loans
- Money Software
- Mortgages
- Payday Loans
- Philanthropy
- Pocket Money
- Remortgages
- Stamp Duty
- Stimulus Checks
- Tax
- Tax Credit
- Transfer Money
New Comment - Comments are editable for 5 min.