What Is the Advantage of a Step-Up Basis for Estates?
January 25, 2024
The adjustment in basis is a crucial tax consideration–what can it mean for you?
How Do I Give My Children the Summer Home?
December 28, 2021
Whether you own a cabin in the woods or a mansion at the beach, creating an estate plan will determine the best way to distribute a home to your children.
What Paperwork Is Required to Transfer the Ownership of Home to Children?
July 28, 2021
Have you considered transferring ownership of your home and wondering what records or paperwork is required? The reason for wanting to transfer will help determine how you should proceed.
What Taxes are Due When Children Inherit Home?
July 7, 2021
My sister passed away. Her only possession was her home, which still has a mortgage and she left it to my son and daughter, her niece and nephew. What inheritance tax will there be?
Would Life Estate Have an Impact Taxes on an Inherited Home?
March 15, 2021
My mother died this year and when my sister and I went to sell her home, we found out that without our knowledge, our mom had put us on the title as joint owners, even though neither of us had put any money into the purchase of the home some 30 years ago. Are we now on the hook for taxes on the gain in house value?
What are My Taxes on a House I Inherited?
February 24, 2021
When a house is sold, the seller is responsible for paying tax on the profit in the year of the sale.