Can heirs "trade" property?

If your folks are still alive they can revoke the transfer on death deeds and create a different distribution via new deeds, will, or trust. If...

In Mn. is sold Real Estate Money entering and leaving a Trust Ck. acct. Taxed by Fed and or State ?

Long Answer: When real estate is sold the tax liability is in the form of capital gains tax. Capital gains tax is the tax paid on the recognized...

My mother has a irrevocable trust for her house. Is her home considered an "asset" when applying for state/county assistance?

In Minnesota trusts offer absolutely no protection for assets from Medical Assistance. The homestead is generally an excluded asset for M.A....

In Minnesota is there a certain amount of time an inventory list needs to be supplied for an estate?

Mr. Wood correctly cited the Minnesota statute that requires it to be filed within 6 months of appointment or 9 months from the date of death. ...

My sibling refuses to do anything with my parents estate what are my rights

I agree with my colleagues you should consult with a probate attorney in your area. There is a legal proceeding call a decree of decent that can be...

Lien from previous owner never removed. Advice appreciated.

You should bring a copy of your title work and closing documents including any title commitment and policy to an experienced real estate attorney. ...

Who signs the affidavit of survivorship if the decendant had a life estate and the property is held in the name of three brother

The Affidavit of Identity and Survivorship can be signed by any person with personal knowledge of the decedent. It could be signed by one of the...

I completely agree with my colleagues. I would add that your brother's power of attorney ends at your father's death and your brother must now be...

Underwater home in Minnesota, but equity in rentals, is it possible to foreclose on home without having bank go after rentals?

I agree with the first post. Local lender almost assuredly has a second mortgage which is secured on the property as well as a promissory note...

I,m in charge of the book work for a HOA. how much of the books do I have to show a member that wants to see the books

Generally your obligations to disclosure the financial records of the homeowners association to a member is expressed in either the Declaration or...