So if she just has two kids, she's transferred $28,000 tax free and she will need to pay gift tax on $372,000.There is a way to transfer just the annual limit to each kid every year so that she transfers $28,000 in Year 1, another $28,000 in Year 2 and so on until the total value is transferred, but honestly this is really messy and (I think) might involve changing the title every year because you'd have to actually show it like this:Johnny Smith 3.5% ownership portion, Janie Smith, 3.5% ownership portion, Mama Smith 93% portionand then in Year 2, change the title to:Johnny Smith, 7% ownership portion... etc.Gets very clunky very quickly, but maybe somebody who has actually done it can chime in as to the actual mechanics.I've done the gift tax returns for this situation once about 15 years ago and I remember it being incredibly complex.  

It's ridiculously affordable and in most areas they'll have all the ownership information you can ever want with the ability to print mailing labels via .xls files.

Slow payers are likely to jump ship with new ownership. 

If he filed a deed such as a life estate deed, transfer upon death deed or even a bargain and sale deed the ownership may have already transferred to his children.

Pretty much what I'm asking is:If the last transfer of title done on a property was with a warranty deed (lets say there were 10 transfers of title done before this one), does this ensure that all other transfers of ownership done before this particular transaction have been proven to be ligit?

General warranty deed - Highest level and the seller warrants the whole time in the chain of title.Limited warranty deed or also called special warranty deed - The time of ownership the current seller has had the property they are warranting but nothing else.Quit Claim - Whatever interest they have in the property they are giving to you.

If you own a property (or are selling your ownership interest), a number (not all) of the regs don't apply to you.If you are not a licensed agent, you must have some ownership interest in the property.  

I have no ownership or financial interest in that company.

And there's some things that are somewhat unique to NY (such as coop ownership structures and dual attorney closings) that make it interesting. 

In other words, I want to use the brand name when I place a building under contract and then assign ownership under a new LLC.