Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Can you change the name on the title of a home without penalties?
A family member wanted to change the title of ownership on a home in CA without penalties in order to sell the home and move. As far as I know there are penalties that come with this, any advice? for context, the person whose name is on the home is deteriorating in terms of mental health and originally bought the home for my family member to take primary residence in. The home is in a trust and has accrued quite a bit of equity, but a transition now would be ideal. I am quite new to this asset class and would appreciate any help or education, thank you.