The Probate, Trust & Estate Blog

There are many tax questions and concerns as it relates to the liquidation of inherited real estate. The following is taken from the IRS.gov website: Question: Is money received from the sale of inherited property considered taxable income? Answer: Generally, the gross proceeds from the sale of inherited property are included in gross income when considering the need to file. If there’s a filing requirement, report the sale on Schedule D (Form 1040), Capital Gains and Losse

Having a loved one in the hospital, or losing a loved one is a sad and difficult time for family, relatives, and friends. There may be questions about how medical decisions are made if the loved one can no longer make their own decisions. If someone passes, those left behind must often figure out how to transfer or inherit property.This Guide has information to help you create the legal documents you or a loved one may need to have a plan if you become sick, and information a

At ProbateTrustandEstate.com we offer a variety of services to guide people through the process of inheriting real estate. The inheritance of real estate is usually the biggest financial transaction in a family's life and even though many cases have similarities every individual case is unique. Along with the unique nature of inheritance there can be heightened emotions related to the process and it is imperative to have an objective expert guide you through the process. I