QUESTION
How do we handle property distribution in a parent's name with more than 1 child involved?
Asked on Feb 22nd, 2013 on Taxation - California
More details to this question:
I have a 43 year old property which is in my mother's name. My mother is expired on 2008. From 2008 I am doing maintenance of property paying tax & lease for cantonment. i have developed the said property. my sister has claimed for the property. I am ready to distribute the property but she is not ready to pay the stamp. She is fighting for monthly rent to get her but I got total $6000 rent & I am giving her $3000 monthly. She is not ready to pay stamp. She is staying in the same property.
4 ANSWERS
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Sounds like you need to consult with a probate attorney.
Answered on Feb 26th, 2013 at 1:13 AM
Your first step is to contact a lawyer immediately. The case is complex enough that it may take multiple lawyers representing the different parties to resolve.
Answered on Feb 25th, 2013 at 8:42 PM
Taxation Law Attorney serving Glendale, CA
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Irsfeld, Irsfeld & Younger LLP
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You must file a petition for probate in the court in order to get title to the property.
Answered on Feb 25th, 2013 at 8:39 PM
Taxation Law Attorney serving Sacramento, CA
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Rex Halverson & Associates, LLP
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You need to talk to a real estate attorney or a probate attorney. It sounds like you have not changed the deed since your mother died. By "stamp" I think you are referring to the documentary stamp tax but I cannot be sure. Any real estate attorney will help you straighten this all out.
Answered on Feb 25th, 2013 at 8:39 PM