North Providence, RI asked in Real Estate Law for Rhode Island

Q: My dad owns his house we live in free an clear..He never married my mom so I don't have his last name.

His name was put on my birth cert. 2 yrs ago..My question is, can he sign the deed over to me without any taxes being owed on either end "his or mine" He payed 170000 and it's worth around 260000 on the market. I am on ssi with no other income..We live in R.I

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1 Lawyer Answer
Neville Bedford
Neville Bedford
Answered
  • East Providence, RI
  • Licensed in Rhode Island

A: A meeting with a practicing Trusts and Estates attorney would be his best investment at this time before contemplating any transfers without professional, confidential advice.

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