Anyone who has inherited property, especially if they’re approaching retirement or already in it, knows it can be a blessing and a challenge. You may have a sentimental attachment to the property and ...
Receiving property when someone dies can come with unexpected financial burdens, particularly taxes like estate and inheritance, and capital gains tax, which applies to the profits made from selling ...
Baby boomers hold more than $19 trillion in real estate wealth, much of which is expected to pass to their children and grandchildren over the coming decades in what some economists are calling a ...
Selling a house that you bought for yourself is a fairly straightforward process. After all, it’s your house, and you have final say in most of the decisions, whether you opt for a traditional market ...
Question: I am a beneficiary of my grandfather’s estate. There was a lot of real estate and most has been sold. The trustee has distributed all available cash to us. There is one more property to sell ...
Practitioners involved with the administration of trusts and estates of a decedent may be confronted with the issue of dealing with one or more assets of a decedent discovered after the administration ...
A home equity loan on an inherited property remains in place even after the original borrower’s death. While the heir is not personally liable for the loan, they will need to keep up the repayments, ...
The Delhi High Court ruled that inherited properties and gifts to a wife cannot be considered her income to deny maintenance.