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In this edition of "Fridays with Fred," Fred Sed discusses how to transfer or gift a property in California to a family member. He shares a recent experience with a client who wanted to gift their property to relatives without any financial transaction involved. The process requires the assistance of an escrow and title company to facilitate the transfer. Fred emphasizes the importance of having the right contacts in escrow and title to ensure a smooth transaction. Additionally, he notes that if the property is free and clear, the transfer can be straightforward.
