Archive for July 15th, 2007

15 07 2007

Estate - Do You Owe Taxes On That Gift?

Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog Carnival

Many readers of this column take me up on my offer for free financial advice. Mr. K from Michigan, like many, wondered about taxes owed on his mothers house. Chances are you will deal with the same issues.

He writes, I have a question about my mom’s home that I inherited. Before my mom died she put her real estate into joint ownership between her and my sister. It was supposed to help make settling her estate easier. Before mom passed away, my sister died. After my sister (more…)

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