Yes, my grandfather was the sole owner. My grandmother passed in 2014. Prior to that they were both on the property. He became sole owner upon her passing, I'm going to assume, because it was only him and me on the QC.
I did not pay anything to my grandfather, and it's notated in the quitclaim that, "For and in consideration of love and affection and other good and valuable consideration..."
I do not know if he paid gift tax. Where would I find that out?
He purchased the property with my grandmother in 1988 for $20,000.
I have never lived in the home.
I hope this helps. Please let me know how else I can better explain the situation.
