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transfer of deed thro probate

recently my father has passed away and my sister has been named personal rep for my fathers estate. the property has not sold and my sister has informed me that the lawyer is drawing up papers for transfer of deed. this puts me at a very uneasy state as i'am not sure what will happen when 2 people hold the deed and does not agree on management. will i have to pay capital gains upon selling? :twisted:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

from bad cat regarding transfer of deed thro probate, i forgot to include the state is montana.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:05 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest,

If you inherit the property and then sell it off and gain profits from it, then you will be liable for paying capital gains taxes.

Thanks

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:05 | Post subject:

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