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If you receive your mother's home after her death, (it was
Second opinion] If you receive your mother's home after her death, (it was titled to her as a Life Estate but you are also on the title as a quick claim deed so the title transfers without going thru … read more
Christopher B, Esq.
Christopher B, Esq.
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My elderly parents are divorced for over 20 years but still
My elderly parents are divorced for over 20 years but still own the marital residence they lived in. My father is remarried and buying a home. Both my parents wish to leave this jointly owned residenc… read more
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Ray
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I have a Life Estate Deed on my deceased father's home in
I have a Life Estate Deed on my deceased father's home in Texas. My great tenants have expressed interest in purchasing the home (they have lived there for 4 years). I will probably only realize about… read more
Richard
Richard
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I quick deeded a condo to my sister 10 years ago She never
I quick deeded a condo to my sister 10 years ago She never lived in it . She and different family members would stay in it while on vacation.....The condo had no mortgage on it. It is valued at 145000… read more
Barrister
Barrister
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Does the 2016 Capital gains tax rules include real estate?
Does the 2016 Capital gains tax rules include real estate? My income places me in a very low tax bracket. I've read that if you are in the10-15% tax bracket, you pay zero on Capital gains.......… read more
Richard
Richard
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Doctoral Degree
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I am trusty of my Mothers condo. I have an offer from a
I am trusty of my Mothers condo. I have an offer from a buyer but mom is still alive. I was told to sell it within 6 months of her death to pay a lover tax. What is the savings if I wait to she dies? … read more
Ray
Ray
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My mother quit claimed her house to her children 10 years
my mother quit claimed her house to her children 10 years ago with and "Exclusive Life Estate". Now she wants to move to an apartment. We (her children) are going to sell the house. Is it ours to sell… read more
Richard
Richard
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You could make the case that my trustee brother did a good
You could make the case that my trustee brother did a good job with my late mom's estate even though it was supposed to be liquidated and distributed to the beneficiaries upon her death. On his own he… read more
Ray
Ray
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Doctoral Degree
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I just sold my mothers home in December 2014. The home was
I just sold my mothers home in December 2014. The home was transferred into my name and 3 other siblings names. We did this 22 years ago when my father passed. What would be the tax percentage for cap… read more
Barrister
Barrister
Lawyer
Doctoral Degree
44,516 satisfied customers
My mother leaves in Venezuela (resident of that country) and
My mother leaves in Venezuela (resident of that country) and would like to sign a deed (either life estate deed or lady bird deed) for a property she has in Broward County Florida. She wants to grant … read more
Barrister
Barrister
Lawyer
Doctoral Degree
44,516 satisfied customers
My elderly Mom purchased a Florida house ($230 cash) for me
My elderly Mom purchased a Florida house ($230 cash) for me a little over 2 yrs ago. Due to circumstances at the time we didn't put my name on it. Now it I am able to put my name on the house. If we r… read more
Barrister
Barrister
Lawyer
Doctoral Degree
44,516 satisfied customers
my 71 year old mother put her property she owned in my name
my 71 year old mother put her property she owned in my name last year, she was unable to afford the taxes so I kept them up. She also felt that because we had paid off her debts totaling 25,000.00 tha… read more
Richard
Richard
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Doctoral Degree
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My husband and his four brothers and sisters are partial owners
My husband and his four brothers and sisters are partial owners of their mother's home. She signed the deed over to them about 10 years ago and retained a life estate interest. She has lived in the ho… read more
LawTalk
LawTalk
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my sister an I own a home and are getting ready to sell it.
my sister an I own a home and are getting ready to sell it. The home was built for our mother who has passed away. The home is in both our names, and we are concerend that we will have to pay taxes af… read more
Richard
Richard
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Doctoral Degree
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I have a small home thats paid for. In todays market I estimate
I have a small home that's paid for. In today's market I estimate it to be worth about $112,000. My son has lived with me for the past 6 years and taken care of me. I would like to sell the home to hi… read more
Law Pro
Law Pro
Doctoral Degree
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We live in California. House is question is also in California. In
We live in California. House is question is also in California. In 2006 my parents put their house in "Life Estate", put my husband and myself as owners. (0% Remainderment (not sure what this means)) … read more
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Richard
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Doctoral Degree
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I have to sell some of my parents property to pay for medical
I have to sell some of my parents property to pay for medical care. What is the best way to structure the sale to limit tax exposure for them? Should we consider having them hold the mortgage? ALterna… read more
Barrister
Barrister
Lawyer
Doctoral Degree
44,516 satisfied customers
My mother owns a property of a house, bldgs. and 38.5 acres
My mother owns a property of a house, bldgs. and 38.5 acres in So. MN. She is 87 yrs. old and lives in an assisted living facility. She transferred the home and property to 6 children in 1990, via a L… read more
socrateaser
socrateaser
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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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