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Realestate gift from parents
Hey guys ! I have a small scenario here. I appreciate any help I can get on this one.
My parents are getting older and want to ensure that their house that’s free and clear stays in the family. My little brother is Autistic and they would like to ensure he’s taken care of to their best ability.
We live in Los Angeles County.
What is the best option for us as they intend to Gift me the property ? I’m looking to avoid tax issues on all fronts.