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Is the Case, Name the Joint Tenant in Field 29 Form

Is the Case, Name the Joint Tenant in Field 29 Form

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intention widowed parent thinks that adding their son or daughter to the granteed will make it easier for them to take over property upon passing well the first problem that can actually cause is a property tax reassessment problem doing this could likely trigger a reassessment of one half of your property tax basis especially if your son or daughter is actually not even living in the property so this could result in significantly higher property taxes the other potential problem is when you add your son or daughter to your house as a joint tenant and let's say they have an IRS or credit problem well if they have an IRS problem and they don't pay the taxes then their tax problem just became your tax problem and if you ever wanted to sell and they still have the IRS lien when you sell you'll have to pay that off in its entirety at the close of

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