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Can you give the equity in a condo you own with your son to your son?
Wiki User
∙ 14y ago
Yes. You can quitclaim your interest in the condo to your son and he would become the sole owner.
Especially if the equity is over @ $13,000...get some tax advice on gifts to children and the effect on eventual estate tax. It may be better to do it in steps over a few years ro not incur tax.
Wiki User
∙ 14y ago
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If I file bankruptcy and I'm on the deed for my son's condo can they take the condo away?
Your interest in the condo will be considered part of your assets.
If the in-laws are leaving a condo to their son and he dies before them does the wife get the condo?
Depends on how the will is/was written. She could get it if that's what they want to happen.
How can you give your house to your son while you are still alive?
By deed, if you own it free and clear.
When was uranus caspated by his own son cronus?
Greek mythology does not give a date in reference to this event.
Can you give your will to your grandchildren not your son?
You can leagally will anything you want to your g-kids, even if your son gets nothing. Although, if your g-kids are minors, their dad (your son) and their mom will probably be able to acess their own childrens money.
Why is the son the father of a man?
This is only true if the son has had a son of his own.
Your recently deceased husband cosigned a home equity loan for your son Are you liable for the loan?
No just return the moneies
Can you give your son your car if you dont driver liense?
I would say yes, however it seems like there is something wrong with the question. But, yes you can give your son your car. You don't have to have a diver's license to own a car. You could own 20 cars and not have a diver's license. You could be blind and not driver at all and still own cars. You could hire someone to drive for you, just like Miss Daisy.
If your son was in your condo and the whole building burnt down because he fell sleeep with a lit cigarette can they find judgment and seize IRA accounts retirement monies?
First, he should have homeowners insurance (or condo insurance) to cover this catastrophie. If not, he can be sued and his accounts can be siezed if ordered in court.
What are the release dates for His Own Son - 1908?
His Own Son - 1908 was released on: USA: 14 October 1908
do i have to have my 18 year old son on my ins. if he has his own car?
No, you don't have to put your son on your insurance, but he will have to get insurance of his own.
How long do you have to wait to file bankruptcy after I have passed a property on to your son?
Thank you for passing your property to my son. Since I do not have a son, I guess it remains in limbo. If your son paid you the value (equity) of your home, you will have to disclose the transfer, but it will have no effect on your bankruptcy. If you gave the property to your son for free, and there was equity in the property, probably two years, if you gave the property knowing you were insolvent and intending to deprive your bankruptcy estate of the asset. It would have been better to discuss this with a bankruptcy lawyer before passing the property, as you might have been able to exempt the property in the filing.
