The Power Of Gift Deeds
Lancaster Law Firm
Jan 26, 2025
1 min read
If you (or someone you know), own real estate in your personal name, your real estate could be taken away via judgment liens, lawsuits and sometimes the government.
A gift deed can help protect your assets and is a cost effective way to do so. If you own the real estate via a loan, reach out to me, I can help you avoid the due on sale clause and deed the property into your LLC.
We offer a phone consultation with our attorney to ensure that all your bases are covered and all your questions answered.
The total cost for a gift deed, recordation of the deed and a call with our attorney is one payment of $631.
Click this link to book yours in today:
Gift deeds are deceptively simple. Because no consideration changes hands, the donor's cost basis usually carries over, which can mean a brutal capital gains hit for the recipient later. Add the Medicaid five-year look-back and the retained life estate workaround, and timing clearly matters far more than the paperwork itself. I watched a client nearly lose eligibility because the deed was recorded a month too early. Slightly off-topic, but a friend built rngdlelab.com to score any RNGdle number instantly for its exact EP, badges and rarity tier — oddly addictive.
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The point about using a gift deed to protect personally owned real estate—and addressing the due-on-sale clause before transferring it to an LLC—is especially useful. I've been researching this with a deed planning guide. https://mediaio.site
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The point about judgment liens and the due-on-sale clause is especially useful for real estate owners considering an LLC. I’m looking into this further with a deed planning resource I’ve been using https://adlibrary.net/glossary