Taxes on Gift to Relative are Paid at Death

 Taxes on Gift to Relative are Paid at Death   Question:  My granddaughter and her family live in a home that I own in Cottonwood.  I have been paying the mortgage payments, property taxes, repairs, and other costs of the home for the past two years because my granddaughter has been sick and unable to…

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Inheritor of Home Owes no Estate Tax

  Question:  You frequently mention the benefits of recording a beneficiary deed now for simple inheritance of a home or other real estate.  I know that a beneficiary deed is not effective until death and can be revoked at any time prior to death.  For example, if after recording a beneficiary deed I get angry…

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