My dad owns 7 or eight hire homes. I am his solely son and he desires to depart the whole lot to me.
What’s one of the simplest ways to assist him manage this so we reduce loss of life/property taxes? I’ve heard of ‘Trusts’, however I may use a bit extra assist pointing me in the suitable route.
If it issues; my dad owns all of his homes out-right in his identify. He doesn’t have any LLC’s or different kind of company sorts arrange.