When a property is transferred through an estate deed of distribution, determining the correct tax basis is critical for the heirs or beneficiaries. Understanding the basis for an estate deed is essential for calculating any capital gains when the property Read more
Why Confirming Your Homestead Status After a Deed Transfer is Crucial for Your Property Taxes When you transfer ownership of a property, it is vital to confirm your homestead status with the county to protect your property tax benefits. A Read more
Why Gentile Property Law Office, LLC Electronically Records Deeds and Why It’s Better for Clients At Gentile Property Law Office, LLC, we prioritize efficiency, security, and client satisfaction in all aspects of real estate transactions. One of the ways we Read more
What You Need to Know When it comes to property ownership, understanding the process of deed transfers is essential. Whether you’re buying, selling, or gifting real estate, the deed transfer process plays a pivotal role in ensuring a smooth transfer Read more
Once a deed has been signed, sealed and delivered, the transfer from the grantor to the grantee takes place. To protect the grantee’s interest in the property, the deed is recorded with the Land Records office. This provides constructive notice Read more
When the State of Maryland sends you the property assessment, do you look at it? You should. Sometimes the state assessment is too high and you, as the homeowner, have the right to appeal the assessment. While appealing property taxes Read more
When selling a home For Sale By Owner (FSBO) and you’ve already found a buyer, one crucial decision remains: who should draft the contract? While realtors are often involved in property transactions, opting for a lawyer drafting the FSBO contract Read more
I was recently married and want to add my new spouse to title, will this be taxed? Whether you were recently married or married fifty years ago, adding or removing a spouse from the title to a property is exempt Read more
Adding or removing a person from the deed to your real property is a significant decision that requires careful consideration of several factors. Whether you’re adding a family member, partner, or business associate, or removing someone due to a sale, Read more
Transferring real property into a Limited Liability Company (LLC) is a strategic move that offers numerous benefits, particularly for real estate investors and business owners. Here are some key reasons and benefits for considering a Deed transfer to an LLC: Read more
