Property swap before father died causes concern

Ilyce Glink and Samuel J. Tamkin

Q: My father and I traded properties because of to his well being. When the title business did the deed, they put title to the residence in equally his title and the name of his household treatment girl. She was named as element proprietor of the residence. Both of those my dad and his house care lady died much more than 10 several years in the past.

I acted as my dad’s electric power of lawyer. I had cataracts, producing it tricky to read through nearly anything. In addition, I still left it up to the true estate agent to make guaranteed my dad’s name was on the deed, as I was named in his will as his sole heir.

Where we stay, there is a new legislation making it possible for people 65 a long time of age and older to get out of paying assets taxes if your revenue is under a specific amount. I am 69, but the deed to the home prevents me from having this tax position.