Enherited Home Now What?
my father passed away a month ago and left myself and my two siblings his house...we are planning on selling it and splitting the money three ways...he has our names on the title as part owners so that if he did die the home would not go into probate...to keep myself from getting taxed to death on this any ideas on what i can do? thanks for any help possible.
You and your sisters need to sit down with a lawyer and a accountant to truley answer your questoin
Talk to an accountant who is also a tax attorney and an active real estate investor. Best bet? Do a google search for "John Hyre" (include the quotes around his name). He has a website with a newsgroup where you can ask your question and he will answer. I doubt you'll find anyone as dedicated, passionate, and knowledgeable as he is in his fields.