Q: What do i need to do if my dad live me a lot of property and i can't handle all the property by myself?
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- Tennessee
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A: Not sure of your question. But if there are several acres, then you can easily deed undivided interests as tenants in common to your next of kin, or you may be able to actually divide it up into separate tracts which you deed to individual relatives. The important thing is that property taxes must be paid, and transfer and/or gift taxes can be burdensome. Life Estate/Remainder Deeds may be very helpful here. Certain family members can handle farming/timber contracts for the rest of the landowners. Contact a competent attorney and tell him what exactly your situation is. He will probably need to do title searches.
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