Posted on: 07th Oct, 2008 07:48 pm
My parents and one sister purchased a home in New Jersey many years ago. the deed is written as joint tenants in common. Mom passed away nine years ago and Dad died 6 weeks ago. My parents half of the house
is to go to my sister (who owns the other half) and another sister and
myself. The sister who is already half owner wants to buy us out.
This is fine with all. My questions... is the half my father owned part of his estate and does it need to be probated and will inheritance tax be due?
Thank you for your time.
is to go to my sister (who owns the other half) and another sister and
myself. The sister who is already half owner wants to buy us out.
This is fine with all. My questions... is the half my father owned part of his estate and does it need to be probated and will inheritance tax be due?
Thank you for your time.
Hi annie!
You can find the answer to your question in the following link:
http://www.mortgagefit.com/propertytransfer/joint-tenantsincommon.html
Sussane
You can find the answer to your question in the following link:
http://www.mortgagefit.com/propertytransfer/joint-tenantsincommon.html
Sussane