Just because I know myself so well I would have to have a blanket nearby to throw over my legs. You may one day decide to sell your house either because you want to move somewhere else or because you are going to live in a care facility. If it’s in the name of his estate, his executor can transfer the house according to his will, or his administrator can distribute it according to law.
All of her 3 children were given equal share of her half share of her house that she had as tenant in common with my grandfather. He may not have had large debt, but don’t forget that a funeral had to be bought, income taxes had to be done and paid, the executor is likely being paid, as well as probate fees, legal fees and accounting fees. Prices for probate vary place to place, as …
Please note: All U.S. titles are now quoted in U.S. dollars and are subject to an exchange rate posted on our website for Canadian pricing; all orders are subject to applicable taxes. There is no tax advantage for your mother because as a principal residence, the house won’t be taxed on her death. My grandmother passed away five years ago and left her house to my sister and I. The property hasn’t been transfered into our names and there is no reason why. Macdonald House was built just before the Second World War, and originally served as the U. S. Embassy.
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