My Father In Law is moving to Alabama from Chicago. He wants to give my husband the house here in Chicago before he leaves.

My husbands Mother passed away last year and had 1/2 ownership in the house and wanted my husband to have the home as well.

We are not aware of a will that his Mother would have owned, but we know that the Mother and Father had discuss this before she passed that the house would go to my husband.

What specific concerns or questions should I find out from the Father In Law before seeking a Real Estate Attorney to handle the transfer?

We will meet with the father to discuss certain issues regarding this transfer.

Hello 8:

I don't see ANY concerns for you to be worried about.

excon

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Originally Posted by excon

Hello 8:

I don't see ANY concerns for you to be worried about.

excon

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What about a gift tax?

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Originally Posted by J_9

What about a gift tax?

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Hello J:

Well, of course, there are DETAILS to be attended to, but since he's represented by counsel, he shouldn't have any CONCERNS. That was what he asked about.

excon

Exy, love, this is where I based my answer.

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What specific concerns or questions should I find out from the Father In Law before seeking a Real Estate Attorney to handle the transfer?

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He's not represented yet, so this is a question he will have to ask.

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Originally Posted by J_9

He's not represented yet, so this is a question he will have to ask.

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Hello again, J:

I don't disagree. But, it's not a question he has to ask his father. It's one for the lawyer. Why would the father know anything about gift tax? I don't think he has to ask his dad anything.

If there are questions, and of course there will be, the lawyer will ask.

excon

PS> I see that he's the father in law and not the dad.. But, that makes no difference.

Sorry Exy, you are right. I misread that portion of the question. I stand corrected.

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Originally Posted by J_9

I stand corrected.

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Hello again, J:

I read about the baby in the lobby.. You're to be forgiven... Now go to bed.

excon

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Originally Posted by excon

Hello again, J:

I read about the baby in the lobby.. You're to be forgiven... Now go to bed.

excon

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You're right Exy... J needs sleep... the adrenaline has worn off about not. Xoxo Thanks for understanding me. ;)