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    gafoon38's Avatar
    gafoon38 Posts: 1, Reputation: 1
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    #1

    Jan 24, 2009, 03:53 PM
    Transferring deed to my sons
    I am 70 yrs old and was told I have to transfer my house over to my sons 5 yrs before I pass away in order to avoid taxes can you inform me of the law concerning this do I have to sell it to them now
    Thank You
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 24, 2009, 04:07 PM

    Who is telling you this and why?

    Unless your total estate is more than $2 million then there should be no estate taxes. In fact, you may be causing more tax problems by transferring now.

    To advise you we need to know more about your financial and health situation.
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