What form do I need to leave my house to my son and avoid probate?
Full Question:
If I leave my house to my son using a Enhanced Life Estate Grant Deed will he avoid Probate and receive the house at a stepped up basis ?
10/14/2010 |
Category: Real Property |
State: California |
#23391
Answer:
We cannot give legal advice. The following is not a substitute for the advice of a local attorney. But we hope the information will be useful.
Using the enhanced life estate deed, the owner can grant himself a life estate, with the remainder going to the son, who will avoid probate with regard to the house.
The stepped-up basis question: it is our information that the son would receive the house at the stepped-up basis as of the day of the father's death.
