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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is this being done to avoid a property tax reassessment in a part of the country where that is an issue? that is the only reason it makes sense to me. Essentially the OP's sibling is being given an interest free loan on the future inheritance. That said, if I were OP I would probably just let it go since it would not be worth upsetting family dynamics.[/quote] For areas I’m aware of where property tax reassessment is an issue (e.g., California), the tax isn’t reassessed if the property is inherited by a child of the deceased. [/quote] Interesting question. The parents' original plan was to see the property, at which point it would be reassessed. Don't know if gifting the property to a child while the parents are alive would trigger reassessment.[/quote]
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