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My sister died on May 20,2018. Her home in California is in
My sister died on May 20,2018. Her home in California is in a revocable family trust and i'm a co-successor trustee with my brother. We both are sole beneficiaries of the trust. We plan on selling the… read more
LegalGems
LegalGems
Juris Doctorate
13,749 satisfied customers
Do I haveto pay, if so how much. Wisconsin. I have the deed
I have the deed and papers saying the house is mine with life estate going to mom and dad but dad passed away and mom is in a nursing home and I am now her guardian … read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,629 satisfied customers
A friend alleges that one who is a Trustee must -- he says
A friend alleges that one who is a Trustee must -- he says "must" immediately get an appraisal of a home in a Trust once the person dies whose trust it is, that there is estate law to back up his alle… read more
Loren
Loren
Attorney
40,309 satisfied customers
In settling an estate, how does "equalization" work if there
In settling an estate, how does "equalization" work if there are two heirs and one will be given a piece of property which they were buying from the decedant. Is the other heir "equalized"'up to the v… read more
Law Educator, Esq.
Law Educator, Esq.
125,318 satisfied customers
Real estate was sold in 2015 that was part of an estate. The
Real estate was sold in 2015 that was part of an estate. The decedent died approximately 30 years ago. She left a life estate to two of her siblings. Upon the death of the last survivor the property w… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
Two sisters are 50% each tenants in common as "grantees",
Two sisters are 50% each tenants in common as "grantees", inheritors of a non homestead residential property of modest value in Florida. The life estate recipient and home resident is a 72 year old si… read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
5,145 satisfied customers
In 1999 my aunt died and I inherited her house via her trust.
In 1999 my aunt died and I inherited her house via her trust. In 2014 I sold it. House was worth in 1999 about $250,000 and it sold for$475,000.I did not live in it. Do I pay any taxes and how much,Th… read more
LegalGems
LegalGems
Juris Doctorate
13,749 satisfied customers
Estate Tax Liability Question: I am a sole heir (adult child)
Estate Tax Liability Question: I am a sole heir (adult child) of willed farmland property from my father that recently sold in VA. I need to know my general tax liability as a Maryland resident for MD… read more
LegalGems
LegalGems
Juris Doctorate
13,749 satisfied customers
Two questions about buying a homestead from an Irrevocable
Two questions about buying a homestead from an Irrevocable Trust. 1. If the Trust states that a Beneficiary can purchase the home from the Trust at 80% the Trust Appraisal, then would the Appraisal st… read more
socrateaser
socrateaser
35,656 satisfied customers
my 3 sisters & I are beneficiaries in a revocable trust set
my 3 sisters & I are beneficiaries in a revocable trust set up in 2010. a few months ago my dad (trustee) became gravely ill and we put his house up for sale and promptly signed a contract. (the house… read more
Richard
Richard
Owner
Doctoral Degree
50,783 satisfied customers
My husband will receive $52,500 inheritance from a New Hampshire
My husband will receive $52,500 inheritance from a New Hampshire estate. Because the sibling is not selling the property, but buying out his share, they are going to send a 1099-S for sale of real est… read more
Thomas McJD
Thomas McJD
Attorney
Doctoral Degree
3,170 satisfied customers
My mother in law passed away in AZ in February 2012. My husband
My mother in law passed away in AZ in February 2012. My husband is the executor of the estate. She owed two homes, one was just sold and the other, in Michigan, we would like to keep as part of our sh… read more
Dave Kennett
Dave Kennett
Doctoral Degree
25,741 satisfied customers
i own an apt in nyc worth 2 mil, how much would my daughter
i own an apt in nyc worth 2 mil, how much would my daughter have to pay in estate/inheritance taxes when i die… read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
5,145 satisfied customers
In 1990, my father passed away, leaving in his will a life
In 1990, my father passed away, leaving in his will a life estate interest to his wife (my stepmother), and a remainder interest to me, subject to stepmother's "death, abandonment of the house, or rem… read more
Loren
Loren
Attorney
40,309 satisfied customers
My Father-in Law passed away in April 2006. He suffered a stroke
My Father-in Law passed away in April 2006. He suffered a stroke during the year prior to that. At the time of his death, my wife's step-mother (who had power of attorney) had his lake house on the ma… read more
Thomas McJD
Thomas McJD
Attorney
Doctoral Degree
3,170 satisfied customers
Can an Executrix sell a home for nearly half its value The
Can an Executrix sell a home for nearly half its value? The home was appraised for 325k and it sold for 187,500k. The Executrix also did not offer the option of purchase to any of the beneficiaries, w… read more
Alexia Esq.
Alexia Esq.
Managing Lawyer/Advocate
Doctoral Degree
10,115 satisfied customers
My father passed on June 16, 2009. He left a house to my 2
My father passed on June 16, 2009. He left a house to my 2 sisters and myself. The oldest being the excecuter. She wants to buy the house from myself and my other sister. She says that according to th… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
538 satisfied customers
My father died 12 years ago and left his properties to my brother
My father died 12 years ago and left his properties to my brother and I. My mother was given a Life Estate and she died last year. We just sold the properties. Can I invest this money into the purchas… read more
Loren
Loren
Attorney
40,309 satisfied customers

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Meet the Experts:

Thomas McJD

Thomas McJD

Attorney

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Wills, Trusts, Probate & other Estate Matters

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Barrister

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RayAnswers

RayAnswers

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Texas lawyer for 30 years in Estate law

Infolawyer

Infolawyer

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Licensed attorney helping individuals and businesses.

Ely

Ely

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RobertJDFL

RobertJDFL

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P. Simmons

P. Simmons

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12+ yrs. of experience including estate law.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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