Legal Question in Wills and Trusts in Indiana
we have to pay a gift tax on property we inherited. Can we get a loan to pay the tax, and use the inherited property as collateral? My husband is unemployed. The property is worth $200,000 and we need $50,000 to pay the taxes.
Asked on 12/27/10, 6:22 pm
1 Answer from Attorneys
Jay Rigdon
Rockhill Pinnick LLP
You should be able to work this out with a willing lender.
Answered on 1/02/11, 10:42 am
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