When I first started cleaning out my house, there were 3 young women and a child living in the attached house. 

The following checkboxes are intended to help your company determinewhether any exceptions apply to individuals who might otherwise qualify as beneficial ownersof your company.Minor Child (Exception #1)An individual qualifies for this exception if the following criterion applies:1.

It's best to delead when the units are vacant to avoid extra costs like hotel fees.In the case of a property transfer where a child under the age of six will reside in the property, the new owner is responsible for bringing the property into compliance on or before 90 days of the transfer of ownership.

, the prop 13 basis can be kept if it was your parents (or in this case spouse parents) primary residence and at death becomes the primary residence of a child.   

If you want to keep them in possession until you die to avoid paying capital gains tax, you need a very low maintenance plan or to hand the maintenance off to a trusted advisor (child?)

Almost have to be the child of people with no brothers or sisters who are also children with no brothers or sisters, or the family has to have super bad luck. 

These include (but are not limited to);a. a drop dead date for her to refinance and take you off the mortgage (5 years, whatever);b. trigger events for her to refinance regardless of date (birth of child, remarriage, failure to maintain the house physically, cease using house as primary residence, failure to pay insurance or property taxes, no "subject to" sales and etc., etc).and no doubt a host of other things.Then there's your remedy if she fails to keep her end of the bargain, including who gets appreciation, right to possess or maintain, etc.Your credit score is far down the list of concerns

My company treats this activity the same (well, almost) as a Child Care (Day care) center, which is a commercial and licensed activity and not appropriate for our leases of single family homes.

Yet, here I am in typical parent fashion, making my first BP post about my child instead of myself.

My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.But, we have multiple rental properties owned by our LLC and we want to give each our 7 children a property when we pass away.