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My Mom left my 304,000, i plan to share about 120,00 with my
My Mom left my 304,000, i plan to share about 120,00 with my other siblings. I live in AZ. will there be an inheritance tax? My mom's house we sold was in Calif., is there a one time house sell for my… read more
Barrister
Barrister
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Doctoral Degree
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My parents established Irrevocable Trust in 1990. Father
Hello, my parents established Irrevocable Trust in 1990. Father died in 2006. Mother still alive and is Trustee (Grantor). If house sold now with Her alive..is capital gains based on home value at tim… read more
Barrister
Barrister
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Doctoral Degree
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CA Question for a living trust My husband is named as an
CA Question for a living trustMy husband is named as an heir for the home in our aunts living trust , (aunt ) passed away in January and our mom is the executor . The home just went into contract for … read more
RayAnswers
RayAnswers
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71,986 satisfied customers
If someone owns a home they live in years PASSES AWAY
If someone owns a home they live in for 20 years PASSES AWAY AND LEAVES THE MONEY FROM THE SALE OF THE HOUSE TO HIS 5 CHILDREN EVENLY DO THEY HAVE TO PAY 70K IN TAXES IF THE HOUSE SELLS FOR ONLY 230K?… read more
Barrister
Barrister
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Doctoral Degree
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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
Doctoral Degree
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I, along with 4 other siblings, had a life estate on Our Moms
I, along with 4 other siblings, had a life estate on Our Mom's home. She purchased it in 2004 and she passed away in 2011. We sold the home in 2012 for less than she paid for it and less than it's val… read more
Barrister
Barrister
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Doctoral Degree
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parents died in december 2010. didnt leave will on house.
parents died in december 2010. didn't leave will on house. i hired lawyer and in may 2011 judge said house was mine. i auction and sold house in may 2012. house initially was bought for 12,000 and sol… read more
Thomas Swartz
Thomas Swartz
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i sold my fathers home this year.the home originally was in
i sold my fathers home this year.the home originally was in a trust for four years. when my father passed away the deed was quickclaimed to myself and moved out of the trust and retitled.do i have to … read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
Im the sole trustee of a irrevocable trust from my grandparents
I'm the sole trustee of a irrevocable trust from my grandparents who have passed away. My siblings and I are the beneficiaries. We just sold the house and and stocks all of which were assetts of the t… read more
lwpat
lwpat
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Please make sure this question is anwered constently with California
Please make sure this question is anwered constently with California State Law. My wife and I are exploring demolishing Mother-In-Law's (M-I-L) current house and building a new house on my M-I-L's pro… read more
Thomas McJD
Thomas McJD
Doctoral Degree
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my husband and i are in our 70s and have lived in our house
my husband and i are in our 70's and have lived in our house for 30 years. Prior to buying this house, we bought and sold three different homes in California and deferred the capital gains. I understa… read more
Barrister
Barrister
Attorney
Doctoral Degree
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CA question: Last parent died in 2004 and did not leave a will.
CA question: Last parent died in 2004 and did not leave a will. I petitioned to be executor, court granted. Probate concluded with 50/50 split with sibling. Sibling lives in home and refused to pay, b… read more
Barrister
Barrister
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In the state of FL, if an irrevocable trust agreement, (established
In the state of FL, if an irrevocable trust agreement, (established solely to manage funds of the sale of a condo 5 years ago) has money in it for needs of an elderly peron (my mother), then what happ… read more
Law Pro
Law Pro
Doctoral Degree
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My parents each have revocable living trusts holding 1/2 of
My parents each have revocable living trusts holding 1/2 of 3 commercial buildings. THey are both deceased and myself and 3 siblings handle the rental income and expenses for the properties. We live i… read more
lwpat
lwpat
Doctoral Degree
6,615 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
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If the attorney who wrote a living trust reports to the executor
If the attorney who wrote a living trust reports to the executor of the estate that they feel an asset should be sold, because the asset puts the estate over the federal non taxed amount, is the execu… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
Are there capitol gains taxes due if a mother dies and wills
Are there capitol gains taxes due if a mother dies and wills you a portion of their home valued at 90,000 dollars to be split 4 ways between siblings?… read more
legallysound
legallysound
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Doctoral Degree
1,324 satisfied customers
My mom died a year ago. My name is XXXXX XXXXX I own my own
My mom died a year ago. My name is XXXXX XXXXX I own my own home, and my sister Laurie owns her own home. My brother Mike moved back home with my mother, after a failed marriage. My mother had a life … read more
Law Pro
Law Pro
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Barrister

Barrister

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8,038 satisfied customers

21 yrs estate law, real estate. Wills/Trusts/Probate

RayAnswers

RayAnswers

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Texas lawyer for 30 years in Estate law

Nate

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Over 10 years of legal estate experience.

Ely

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Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

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P. Simmons

P. Simmons

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ScottyMacEsq

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Licensed Texas General Practice Attorney

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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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