Selling house as custodian for minor?

Jussy

New Member
Jurisdiction
Washington
My 8yr old was gifted a house this year and I am selling it. What do I need to do to get the proceeds wired to proper place and how to best avoid large tax burden? It is in sell process and the title company cannot wire money to my account, so I need a joint account with my son?
 
You need a lawyer to advise you, a lawyer that you hire.
You might also need a CPA.
There's no way a stranger can counsel you about your tax issues, federal and state!!!

Hire a lawyer today, or at least interview three or four.
 
Back
Top