My mother is terminally ill with possibly only a month or so to live. After my divorce, I moved into her house with her. The house is paid off and we live in Michigan, if that makes any difference to my question. Not long ago, we filled out a quit claim deed adding me, in addition to her, as owner of the house. I have not registered the deed yet.
What are the inheritance tax implications of my situation? She was told by a few people that I should not actually register the deed until after she passes away. On the other hand, I was told by a real estate broker that I should register the deed before her death, as then, I will not be inheriting the house, but already be a co-owner.