Home Forums Hunting & Shooting Hunter's Campfire Need advice on transferring real property to my daughter and son in law

Found a free quitclaim program online.

Might just do the trick.

Thanks for the direction.





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It will. It will be examined a bit more closely later in the chain of title, say when or if your daughter sells the property. I’d probably put your daughters maiden name or put language that I quit claim to my daughter and her husband….

You are allowed to give property, as a gift, but only up to a certain dollar value per year. If you go over that dollar value, the receiver has to pay taxes.

It's common around these parts for the parents to give the kids so much land per year, keeping it under the taxable amount, and keep doing that, until the kids own it all.

Guys hunting from a bird perch could place several stands on 10 wooded acres. Around here, most of those perches only hunt maybe 5 or 10 acres
all year.

Thick, spending all day on your ass, you only see an acre or two.


Big question, is it the right couple acres?

The recipient never pays gift taxes on a gift unless they have some special arrangement which is very rare. Only the person that gives it does or reduces their gifting/estate exemption if possible.

Act of donation.

Yeah, I got it backwards.

As has been discussed, check on living trust.

No worries. I speak to a lot of recipients from estates that think they will be taxed also, but the estate pays all taxes due if any before distribution.

Just give it to your daughter.

Don't put your SIL's name on it, just in case.

I am still hung up on how 10 acres anywhere in Texas is only valued at $1,500 total.

A few years ago we gave a lot to my wife's niece. We just got a blank quitclaim form, filed it out and sent it to her along with the deed. She filed it at the courthouse. No lawyers, done deal. I never heard what the fee was. We might have had to sign it in front of a notary. I don't remember. If needed, there'll be a place on the form for a notary's stamp and signature.

Get a download form here for your state: QUITCLAIM

Wrong as well...

So yeah the giver pays unless it is less than the annual gift exclusion. But a maried couple giving to a couple is 4 exclusions so 4x$16k or $64k in 2022. But also if you want to "overgift" you can file forms with the irs that reduce your future estate exemption and no tax is due until estate settlement. $ 12.06 million currently (which can be doubled if needed) and if under total estate(the amount gifted early plus balance at settlement) is less than exemption no tax will be due.

Middle of nowhere, Presidio county.

x2 leave it to daughter only

I didn't think it was necessary to include a lot of IRS mumbo-jumbo on a $1500 gift.

Fuggin' lawyers!

Whore yourself out to hunt on 10 acres. 10 acres!

LOL.

A lawyer worth his weight in cat food would have stolen more land from someone....

I hear you, but even for that area it is way cheap. Hope you get it sorted out.

I’ll write you up a deed for free. I do it nearly every week for myself or someone else. DM me if you’re interested.

Different states have different laws, and I dont know Tx. laws. In La. you can write a bill of sale, I did it last spring.

Something like this.... I, John Doe, SS# xxx-xx-1234, 555 1st st., anytown, La, zip, do sell all my right, title, and interest in the following described property to Jane Smith, SS# xxx-xx-5678, 121 2nd ave, anytown, La, zip, for the sum of $xxxx dollars.

Property description.... Use the one on the tax records.

Have it notorized and recorded at the courthouse.

I wrote a check for the purchase, but it hasn't been cashed????

A bill of sale is less likely to be disputed.

My .02