A client is transferring their estate to their daughter. They aren't charging their daughter any money for the estate (what a deal!) and are unsure what to put in the deed as consideration. You advise them that consideration: must be equal to the appraised value of the property can be "love and affection," and will be conveyed using a gift deed must be explicitly specified, down to the penny, on the deed must be money, but doesn't have to be a lot of money

A client is transferring their estate to their daughter. They aren't charging their daughter any money for the estate (what a deal!) and are unsure what to put in the deed as consideration. You advise them that consideration: must be equal to the appraised value of the property can be "love and affection," and will be conveyed using a gift deed must be explicitly specified, down to the penny, on the deed must be money, but doesn't have to be a lot of money

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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