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I have a question about the sale of a property that had both
Second opinion] Hi, I have a question about the sale of a property that had both a life estate interest and a remainder interest do you know anything about that? … read more
Lev
Lev
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Bachelor's Degree Equivalent
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Me and my mother owned a house together, in NewYork -
Hello, Me and my mother owned a house together, in NewYork - Queens. Both names were on deed. My mother had a life estate on this house. All the bills from city came on her name only. She passed away … read more
Lev
Lev
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Bachelor's Degree Equivalent
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my wife received a farm as a gift from her parents in 2003.
my wife received a farm as a gift from her parents in 2003. in the interim her father has passed and her mother retained a life estate. The property was sold for 471,000 last year and after sales fees… read more
NPVAdvisor
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MY father in law had a life estate deed then sold the house.I
MY father in law had a life estate deed then sold the house.I received a 1099 tax form but I never received any money or want to receive any money from the sale of the home. Do I have to pay taxes on … read more
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In 2005 my wife's parents executed a quit claim deed to their
In 2005 my wife's parents executed a quit claim deed to their two children (and spouses),reserving a life estate . In 2010, her father died. In 2011 her mother entered a nursing home. The daughters ma… read more
Lev
Lev
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Bachelor's Degree Equivalent
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A.husband and wife create life estate August 2002, with child
A.husband and wife create life estate August 2002, with child having remainder interest when husband was 73 and wife 70 B.11 years later (sept 2013) husband dies, leaving only wife as life tenant C.Se… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My parents did a deed of transfer on their home, giving me
My parents did a deed of transfer on their home, giving me the home and retaining a life interest. They(I) just sold the home. The lawyer says they had a retained life interest and the gift was not co… read more
Lev
Lev
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Bachelor's Degree Equivalent
33,748 satisfied customers
Lev, I and my four siblings received a gift of my parents
Lev, I and my four siblings received a gift of my parents house via a quit claim when my Dad went into the nursing home over five years ago. He did it as a life estate. He recently passed and now thre… read more
Lev
Lev
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Bachelor's Degree Equivalent
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We must a property that is subject to a life estate. The holder
We must a property that is subject to a life estate. The holder of the life estate is 86 or 87 but can no longer live on his own and cannot manage the property. I have heard that there are tables from… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am the personal rep for the small estates of both my late
I am the personal rep for the small estates of both my late mother and father, who passed away last year in that order. I opened bank accounts using EIN numbers in the name of the estate of each of my… read more
Lev
Lev
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My mother deeded her New York State residence to my sister
My mother deeded her New York State residence to my sister and I but retained a life estate in the home. She would now like to sell it. How do I determine what her share of the house sale proceeds wil… read more
Lev
Lev
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Bachelor's Degree Equivalent
33,748 satisfied customers
My parents were the grantees of a Real Estate LIFE ESTATE in
My parents were the grantees of a Real Estate LIFE ESTATE in 1957 on a home and 50 acres. Per the 1957 deed, their children will take title to the property upon the death of both parents. My sister an… read more
NPVAdvisor
NPVAdvisor
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My father and his second wife were Life Estate Tenants on their
My father and his second wife were Life Estate Tenants on their home property in California.Dad's Three siblings were remaindermen. Father died, step mother stayed on for a few years and decided to se… read more
jgordosea
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In 2002 parents transferred a remainder interest to their daughter
In 2002 parents transferred a remainder interest to their daughter retaining a life estate. In 2003 mother died and father continued to live in home. Father died in 2009. Daughter sold the house in 20… read more
keeperumiami
keeperumiami
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Bachelor's Degree
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I was put on the deed of a house in 2006. The owner has deed
I was put on the deed of a house in 2006. The owner has deed reserving life estate but had to go into a nursing home. I am in NC what am I responsible for filing on my taxes. I am not related to the p… read more
Wendy Reed
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PARENTS OF A CLIENT OF MINE TRANSFERRED PROPERTY (A HOME AND
PARENTS OF A CLIENT OF MINE TRANSFERRED PROPERTY (A HOME AND 5 ACRES) TO HER. SINCE THAT TIME THE FATHER OF THE CLIENT HAS PASSED AWAY. THE PARENTS WERE GIVEN A LIFE ESTATE IN THE DEED TO OCCUPY TIL T… read more
Robin D.
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My parents owned a home with a Life Estate designation for
My parents owned a home with a Life Estate designation for them.. Their five children were also named on the deed. This was set up in 2000. My father has since died. My mother moved out (to Assisted L… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
My parents kept a life estate in their home of many years ...
My parents kept a life estate in their home of many years and sold remainder interests to my sister and I for $1. My mother passed away. Dad went into a nursing home and the property was sold to my si… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
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