How do I value vacant land left my sister and I upon my mother’s death in pa?
I very much agree with Ms. Stewart on the capital gains question. It is worth you time and effort to get good advice.
Philadelphia, PA
Estate planning Lawyer at Philadelphia, PA
Practice Areas: Estate Planning, Probate ... +6 more
I very much agree with Ms. Stewart on the capital gains question. It is worth you time and effort to get good advice.
I agree with my colleague that it is possible that there is no estate but it is also possible there is and that is where the question is answered.
I don't know if the statute of limitation is your issue. Also the power of attorney ceased at death but if your sister is the executor or...
Ms. Stewart is correct. It sounds as though the will lists the attorney as executor and trustee - but you would have to read it to be sure. The...
As was mentioned if it has been less than a year it is certainly too soon to ask. If there are very few debts it can be okay to make an interim...
You need a probate attorney such as those here that are answering the questions. You say the house was "willed" to you which I believe to mean...
Ms. Stewart gave you a very thorough and thoughtful answer.
Ms. Stewart gave you a great answer. You can sell it but you want to perform your due diligence as there are risks.
You will have to open the estate (sounds like for the second parent to die if the house was joint with the two parents). If everyone agrees it may...
I agree completely with Ms. Blair's approach.