Estate tax law provides an out for recipients who do not want to receive "gifts" because they don't want to be involved in the associated tax liabilities (or for any other reason). Within nine months of the signing of the Quitclaim deed, your fiance can create and record a "disclaimer" to avoid becoming an owner. The extent to which the IRS will hold your fiance liable for taxes is very facts-specific but it is a risk.
Diedre Braverman
Braverman Law Group, LLC
1823 Folsom Street,Boulder, CO 80302
303-800-1588
http://www.braverman-law.com
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