Monday, September 19, 2011

In New Jersey, do you need a tax waiver to change the deed ownership to remove a retained life estate?

Deed is in name of son and mother; mother is now deceased, and she had retained a life estate in the property when she transferred it to son 10 years agoIn New Jersey, do you need a tax waiver to change the deed ownership to remove a retained life estate?You will need to consult an attorney who specializes in property to get your things straightened out.



Do not work with or take anybody's blind advice, except to work with an attorney.



Your attorney for a small fee will make sure that the paper work is done correctly and you will not have any problems ever.



Nope, I am not an attorney nor am related to one.



If you want someone's name though in NJ, send me an e-mail with your contact info.In New Jersey, do you need a tax waiver to change the deed ownership to remove a retained life estate?If you go to the registry of deeds, they probably will tell you that you don't need to do anything, but ask anyway, it will be cheaper than a lawyer.