Blogs

Understanding the Basis for an Estate Deed

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 is eventually sold. Let’s walk through how you determine the basis of a property transferred through an estate and why it matters. What is a Property’s Basis? In real estate, the “basis” refers to the Read more…

Confirming Your Homestead Status

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 homestead exemption can significantly lower your property tax bill, but after a deed transfer, your exemption may be at risk if you don’t take the necessary steps to reapply or confirm your eligibility. Here’s why Read more…

Electronically Recording Deeds

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 achieve this is by electronically recording deeds, a process that benefits both our clients and the real estate industry. Speed and Convenience Traditionally, recording deeds involved physically delivering documents to the county recorder’s office. This Read more…

Understanding Deed Transfers

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 of property ownership. In this guide, we will break down the basics of property deed transfers, highlighting important considerations and how to avoid common pitfalls. What is a Deed Transfer? A deed transfer is the Read more…