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Very true about the stepped-up basis. His application of the mechanics makes sense, at least in my opinion.At least the mother won't have to pay any capital gai...
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The Life Tenant can't remember anything but the kids were raised there. They know some of the improvements but without any records we have nothing to definitely...
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For those of you who are interested in this issue:I spoke with a lawyer in New York today who was able to tell me the procedure to assign the amount each person...
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I agree with moving to Florida to avoid this house issue. When other assets are "protected" the grantor is always subject to constraints that are often confusin...
