I hold bare legal title to property that my parents placed in my name almost 10 years ago. I don't know why it was done, but it was.
My parents have always maintained the property taxes etc. There are "care takers" on the property that have recently started paying my dad rent. They do so every quarter, and they pay the utilities etc.
I have googled read a few cases online about holding bare legal title w/ no equitable interests. That's me! They have gone well.
I searched this forum have read Lady1's experirnce.
Has anyone experinced Holding Bare Legal Title and filing a C7?
Any input?
My parents have always maintained the property taxes etc. There are "care takers" on the property that have recently started paying my dad rent. They do so every quarter, and they pay the utilities etc.
I have googled read a few cases online about holding bare legal title w/ no equitable interests. That's me! They have gone well.
I searched this forum have read Lady1's experirnce.
Has anyone experinced Holding Bare Legal Title and filing a C7?
Any input?