Connors and Sullivan, Attorneys at Law, PLLC
For a complimentary consultation
212-235-1339 718-414-6209

Real estate deed transfers: the importance of doing them right

There are certain things a person may be rather concerned about in their elderly years. One is what will ultimately happen with the real estate that they have. There are many different types of real estate a person could have: a family home, a condo, a vacation home, an investment property, etc.

Pieces of real estate can be valuable things on multiple levels. First, they can have a lot of monetary value. Also, they can sometimes have considerable emotional value connected to them. For example, if a home or other property has been in a family for a long time, there may be many fond memories and important pieces of family history attached to it.

Given how valuable, in many senses, real estate can be, it is not at all uncommon for elderly individuals to have a strong desire to ensure that the real estate property that they have stays in the family and ends up going to their family members.

Another big desire an elderly individual may have regarding their property is that it not trigger estate tax liability when they pass away that would cause assets that they wanted to have go to family and loved ones instead go to the government.

These two desires are among the things that sometimes lead seniors to consider making deed transfers of real estate they have to family members.

It is very important to be careful and thoughtful when considering and performing deed transfers of real estate property. While deed transfers can, when used correctly, be a helpful estate planning tool, careless deed transfers can end up causing problems for elderly individuals and their families rather than solving them. Thus, seeking out legal help can be wise when thinking about doing a deed transfer.

Our firm knows the benefits and limitations deed transfers can have when it comes to estate planning and understands the many complex aspects of properly handling a deed transfer. We can help individuals understand if deed transfers would be able to help them achieve their goals when it comes to the property they have and can assist individuals who decide they want to do such a transfer with the process of making such a transfer.

No Comments

Leave a comment
Comment Information

Office Locations

Brooklyn:
Connors and Sullivan, Attorneys at Law, PLLC
7408 Fifth Avenue
Brooklyn, NY 11209

Phone: 718-414-6209
Fax: 718-238-2616
Brooklyn Law Office Map

Manhattan:
Connors and Sullivan, Attorneys at Law, PLLC
110 East 59th Street
New York, NY 10022

Ph: 212-737-2700
New York Law Office Map

Bayside Queens:
Connors and Sullivan, Attorneys at Law, PLLC
200-20 Northern Boulevard
Bayside, NY 11361

Ph: 718-225-7200      
Bayside Law Office Map

Middle Village Queens:
Connors and Sullivan, Attorneys at Law, PLLC
79-43 Metropolitan Avenue
Middle Village, NY 11379

Ph: 718-238-6500
Middle Village Law Office Map

Staten Island:
Connors and Sullivan, Attorneys at Law, PLLC
1250 Hylan Boulevard
Staten Island, NY 10305

Ph: 347-289-7758  
Staten Island Law Office Map

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Legal Leaders Presents Martindale-Hubbell | Top Rated Lawyers 2015 | Featuring AV Preeminent | Martindale-Hubbell Lawyer Rating NAELA | National Academy of Elder Law Attorneys, Inc. | Member | Leading the way in Special Needs and Elder Law