My mother just pased away leaving her house to me and my brother. I want to daughter to have the house. I'm willing to give her my half and my brother has no problem selling his half. What's the best way to handle this (tax wise)? The house is still in my moms name.
1 Answer from Attorneys
Condolences on your loss.
If your mother had a will, the property has to pass in accordance with the will. You and your brother may make whatever transfers of your respective interests after you settle the estate and have completed the transfer of title to you and your brother.
Your mother's estate must first be administered, starting with probate of her will.
You would have to consult a lawyer to help you determine tax and other results of what you are proposing.
THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.
* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.
* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.
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