Intra-family property transfer
My Grandfather passed and left property to his 5 children, my uncles and aunt. Two of the properties have been abandoned for years. One of these properties I decided to fix up so that I can acquire ownership for my efforts. The family agreed and I am now almost finished rehabbing the house. Before I finish the process and allow everyone to see the house, my contractor suggested I get it in my name to avoid any conflicts once they see how nice it looks. What is the best way to do the transfer in terms of taxes and legal issues?
Just an example of how much work has been done: