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.
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