MAKE SURE the attorney helping you KNOWS WHAT THEY'RE DOING.
In order to get the house out of mother's name so she could go to a rehab/nursing home in Florida, deeds were created.
Problem? It meant one son took his interest as of the date of the transfer, meaning, for capital gains purposes, when he sells he pays the difference between what mother and father bought it for ($20K) and present value ($750K).
There were ways to avoid all that the lawyer who drafted the deeds didn't consider; or the implications.
The painful truth is that doing legal stuff should involve an attorney; the even more painful one is that many don't know what they don't know. Best to get a free consult from someone who you can talk to so as to feel comfortable that your interests are being protected.
