A most generous gift....need help

[tobee43]

There are only a handful of states with gift tax and NV isn't one of them.

In the UST Manual, Chapter 5-10.7.2, one of the listed red flags is when the debtor has no ownership interest in his principal residence. But I guess all kinds of people rent a house from their adult children. Still, I would talk to an attorney and proceed with caution.

i agree....i think for me...i would talk to a really great accountant as opposed to any atty...i have worked for some atty's that cannot even balance their own checkbooks..LOL!! and i mean...NO CLUE....

or a "tax" .....probate...estate atty...could be best.