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what is the easyest way to transfer home from family and what about taxes

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Icon Mini Profile mamasito1947





Joined: 30 Dec 2010

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Post Posted: Thu Dec 30, 2010 8:26 am    Post subject: what is the easyest way to transfer home from family and wha
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mom pasted and left home to us children. we would like to purchase but don't want to be taken to the cleaners on death tax. what should we do? the house is a fixer uper.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Thu Dec 30, 2010 7:30 pm    Post subject:
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Hi mamasito,

You will have to contact a real estate attorney and a tax adviser in order to check out whether or not you'll be able to avoid the taxes.

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