Does a grantee of a quitclaim deed have to claim the property on their taxes? In bernalillo county nm?
Kameron's answer
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Answered on April 16, 2018
There is no tax on a person RECEIVING a gift. The person GIVING the gift may have to file a gift tax return if the value of the gift is more than...
Can my son who is my power of attorney sell my car when I pass on?
Kameron's answer
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Answered on July 19, 2017
The power of attorney only has legal effect while the person to executes the power of attorney is living. The moment that they pass the power of...
What is better, to gift your ranch or leave it in a will?
Kameron's answer
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Answered on June 21, 2017
I agree with my colleagues that as long as the value of the ranch is below the lifetime exemption there would be no estate or gift tax difference....
Archived
Thank you. Is there a free online form that's generic POA?
Kameron's answer
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Answered on June 21, 2017
There are multiple places online where you can find a power of attorney form. New Mexico has adopted the Uniform Power of Attorney Act (NM Stat §...
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