Deed of Trust

Question: Can I transfer ownership of my home in California to my mother who lives in Canada?

For personal reasons I want to transfer ownership of my home in California to my mother who is a Canadian, and also lives in Canada. Any problems with this? Can it be done with a warranty deed or quit claim? Or is a trust the way to go? Any tax implications?

Answer: You want to do it with a warranty deed. Yes, she will have to pay a LOT more taxes then you are paying on the house. You will also have to pay the gift tax when you transfer it, which is about 20%.

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