WhiskeyJ wrote:Is there anything else to consider or be aware of from a tax code compliance/legal standpoint?
It was kind of you to provide the link through my law school - Cornell. I received my CPA elsewhere at a later date.
stan1 wrote:Easy way to handle this would be to view the $700x12 = $8400 per year as a gift from her to your wife.
Below gift threshold so no need to let the IRS know about it.
divebums wrote:Jared - My understanding is that they added my father's name to the title but he did not reside there with her. In addition, POA was drafted so he can help her with other finances easier. Does placing his name on her title mean joint tennant?