Perhaps, yes, but this would be highly unusual. An attorney would need to review the trust instrument and the power of attorney to say for certain...

Are there tax penalties for real estate gift deeds?

Giving the property back would be considered a "gift" from you back to your dad. There might conceivably be late- or non-filing penalties for your...

I agree with my colleagues and would add that while cancellation of indebtedness is generally considered taxable income, there are a few...

How do I claim a piece of property that was owned by my father who passed away in 2007?

I changed the practice area to probate in order to target the correct attorney audience.

My parents have a condo and want to sell it and buy another one for me with that money. Is it OK regarding tax issues.

Your parents certain "can" buy a condo with their money and put it in your name. That would be a gift to you. Gifts are taxable to the giver...

How do I set up a trust fund for a minor child?

Schedule a consultation with an estate planning attorney to have a proper estate plan drawn up that includes planning for your minor child. This...

If my grandmother put all her property into a family estate but then she ended up giving my cousin so many acres of my dad's lan

Avvo is about answering legal questions of a general nature. What you are looking for is customized advice of benefit to you alone and no other...

Abandonment?

I have changed the category from Estate Planning to Child Custody for better results.

Floods

This is not a question for an attorney. It is more of a construction and engineering question. It is possible that doing a little regrading on...

What can I do to protect myself and my property?

I agree with my colleagues and would add that a co-tenancy or co-ownership agreement is another option and, also, there is a high likelihood that...