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I own two homes outright and can I give my only niece one of those properties? 2014 property taxes are paid already...



she has two kids and a very good job (12)yrs now. and will she be out of pocket any money

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Give her the deed in her name. Taxes and utilities plus upkeep is all she will have to pay for. You are very generous !

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From an estate and taxes standpoint it is usually a REALLY bad idea to give someone a house which they might be better off inheriting. Talk to a tax consultant. You MUST consider the tax consequences of the gift prior to you dying.
You might be able to allow her to use the house at a reduced rent or at no cost.

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