Real Estate Trust Transfer From Parent to Child Tip Sheet by Mark W. Bidwell
Tip sheet on how children can take ownership and reduce taxes of California real estate owned by a deceased parent’s trust. This tip sheet is provided by Mark W. Bidwell, a licensed attorney in California. Irvine, California (PRWEB) January 29, 2014 A child who inherits real estate from a parent’s trust is often the Successor Trustee. The successor trustee must transfer ownership of the real property, including homes and commercial real estate, out of the trust. The new owner of the real estate must also take steps to minimize capital gains tax and property tax. Website, Deed and Record, p
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