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 property transfer from parent

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Wedchar2912
post Jun 19 2024, 03:36 PM

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QUOTE(gedebe @ Jun 19 2024, 03:26 PM)
my mother in law intend to transfer the name of a low cost apartment to my wife which will be my wife 2nd property, her mother claim that she is old and do not want the hassle of transferring the name when anything happen.  However, she wish that the property to be distributed fairly among her 5 children.
is there any consequent of this action, like tax, entitlement to subsidy etc?
*
once transferred to your wife, it belongs to your wife.
anything else is talk only and depends on the grace of your wife.

 

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