Gift deed vs quit claim deed
Location: Texas, Tarrant County
Situation: Mother passes away in 1992. Leaving a very small house on very small land to her four children.
Three of the four children have no interest in their part of the house/land and have never paid taxes on any.
The fourth child has been paying taxes for years, even before mother passed away. And has been living in the house for the last 18 years...
The will/estate was never probated. Again this was 20 years ago when mother passed away.
The fourth child would like to get the property in their name.
Would a Quit claim deed or a Gift Deed be the vehicle and can it be done without having to pay taxes on it. (times are hard and we are not talking about much anyway.. )...
Land and house appraised by tax assessor for approx 40,000.
Much renovation ( siding, windows, electrical, plumbing ) etc, has been done on the house all at the expense of the 4th child...