New York  |  Elder Law

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8/18/09, 10:55 pm

Legal Question

My mother-in-law in CT recently passed away and my wife and her two brothers are going to sell her house. anything we get form the house will be split 3 ways. is there a way I can avoid paying tax in NYC on that? Can I put it into an education fund or perhaps into the purchase of a new home and therefore not be taxed the full amount?


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