Posted on: 25th Oct, 2013 12:26 am
Hello there... My father is dying of cancer. He is stage 4. He is leaving a house for me and a vacation home for my elder brother. Once I inherit the property, will I be able to sell it off? Do I need to take permission from my elder brother?
Hi Jabby,
After your father's death, you will have to get the property legally transferred in your name. Once that is done, you will be able to sell off the property. You will not have to take the permission of your brother.
Take care
After your father's death, you will have to get the property legally transferred in your name. Once that is done, you will be able to sell off the property. You will not have to take the permission of your brother.
Take care
Hi Jabby,
Sara is right in saying so. Once the property is fully transferred in your name, you won't have to take anyone's permission to sell off the property.
Thanks
Sara is right in saying so. Once the property is fully transferred in your name, you won't have to take anyone's permission to sell off the property.
Thanks
You may have to pay capital gains tax after the selling the property and so, consult a tax attorney to either have it eliminated or reduced to some extent.