We want to transfer land to our children but we want to still get the income and pay taxes until we die what kind of deed is this
We have three children the attorney made it a warranty deed to transfer our land to them but we still want to have the rent and pay the taxes what kind of deed should this be
1 Attorney answer
T. Phillip B.
Depending on the land and business, I'd consider making an LLC for asset protection reasons. Then you could have a trust as the member. If you need to get the property out of your estate, this will dictate what to do with the trust.