If I have a Texas domestic partnership, what do I need to do to ensure my partner can take over ownership of my home without paying large amounts of money?
Answer
If you are planning for your death, you will need a will. Items received via a will or any other testamentary transfer are valued by the IRS on date of death of the testator
Answer
I agree with Mr. Engelke. You should also investigate whether or not a living trust might work for the two of you. Texas is peculiar when it comes to these issues. Find a lawyer who understands the nuances of gift and estate tax between people who cannot be considered spouses under state law.
No comments:
Post a Comment