Jim-from-Ohio
Level 12
Level 12

Thank you Bob for your insight.  The mother continued to make the payments and keep up the house.. The children really had nothing to do with the house.  I think they got bad advice 20 years ago.  The  $  250,000 rule was in place already by then so whoever suggested that as an idea should have known about it.  There was no 1099-nominee issued.  I will check if the children received the funds.