
Estate Planning
If My Mom Wants to Give Me Her House, Is It Better to Inherit or Buy It?
It is very common for parents in later years to consider gifting their home or other real estate to their children during their lifetime
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It is very common for parents in later years to consider gifting their home or other real estate to their children during their lifetime
Unlike personal property, real property—such as real estate or automobiles—is titled to convey ownership. This title must transfer when the asset is sold and must be cleared—or free of liens or encumbrances—for transfer to take place.