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Where can I find historical cases where the IRS did not allow the tax free transfer of property between Husband and wife. Claiming the marriage was only created to subvert the gift tax?
Wiki User
∙ 16y ago
Check out www.legalbitstream.com . They have a pretty good free database of tax cases.
Wiki User
∙ 16y ago
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What is marriage for?
Marriage can be viewed as an arrangement for the ownership and transfer of property. It can also be seen as a dclaration of adherence to traditional "loyalty" posiitons.
Can a co-signer be removed from a title?
No. Not unless they transfer their interest in the property voluntarily.No. Not unless they transfer their interest in the property voluntarily.No. Not unless they transfer their interest in the property voluntarily.No. Not unless they transfer their interest in the property voluntarily.
Why do people do a quitclaim deed on their properties?
In order to transfer their interest in the property to a new owner.In order to transfer their interest in the property to a new owner.In order to transfer their interest in the property to a new owner.In order to transfer their interest in the property to a new owner.
Can the joint property holder transfer the property?
Generally, they can transfer their own interest in the property but not the interest of the other co-owner.Generally, they can transfer their own interest in the property but not the interest of the other co-owner.Generally, they can transfer their own interest in the property but not the interest of the other co-owner.Generally, they can transfer their own interest in the property but not the interest of the other co-owner.
Can your wife transfer her tag to my car?
She could in some states. However, since neither of us knows you, and you are not related to us in some way, then no. My wife will not transfer the tag from her vehicle to your car. Seriously, your wife can transfer the tag from her vehicle to your car. Most of the US states are common property states. That is what you own in the marriage, she does. Even in states that are not common property states, the spousal relationship permits a lot of cross over of property.
Transfer of property act 1882 deal with immovable or movable property?
It deals with both, the transfer of movable as well as immovable property.
Is private property always private?
Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.Yes. Private property remains private property until it becomes public property by a transfer of title by deed or by a taking.
What kind of trust can a property go to if it has a reverse mortgage?
You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.
How do you get full ownership as co buyer?
Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.
Can a seller transfer a deed to the buyer if a federal tax lien is against the property and can the property be settled?
NO. You cannot transfer the ownership of the property UNTIL the lien is paid off, in full.
A man bought a home prior to marriage then sold it to a trust then purchased another home as joint tenants with his wife. How valid is a will written by a single man after he has married?
Generally, a will written prior to marriage is invalidated by the marriage to the extent set forth by state law. The surviving spouse will be provided a share of the estate under most state laws. If the spouse dies owning real property, the surviving spouse will get a share in that property. In the scenario set forth in the question a man purchased property prior to his marriage and then transferred that first property to a trust before purchasing a second property as joint tenants with his wife. His wife would have no interest in the first property. As long as the trust is valid and the transfer was properly executed, the first property would not be included in the husband's estate if he died.
What are the nine exemptions that allow the transfer of title to property with a mortgage without the prior written consent of the lender under the Garn-St. Germain Depository Act?
(1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.
