How do i go about signing over the deed to my house to my nephew

There are several ways to do this. One would be through a beneficiary deed and assignment of interest (or bill of sale) upon death. Another would be a traditional will or living trust. Don't take on the job of doing it yourself without sitting down with an estate planning attorney to review your overall estate. Addressing only one asset may not cover all the factors that should be addressed.

Also, from an income tax perspective, if you transfer the house through your will, your nephew will get a step up in basis in the house. If he sells this house this step up will minimize his income taxes. Hope this helps. Please remember to designate a best answer to your question. Mr. Fromm is licensed to practice law throughout the state of PA with offices in Philadelphia and Montgomery Counties. He is authorized to handle IRS matters throughout the United States. His phone number is 215-735-2336 or his email address is [email protected] , his website for more tax, estate and business articles is www.sjfpc.com. and his blog is