QUESTION
If I pay the taxes on the house, would I get the money back when the estate is split among the heirs?
Asked on May 01st, 2015 on Estate Planning - New York
More details to this question:
The house is up for auction for unpaid taxes. There are 4 heirs including myself. If I pay the taxes, will I get this money back before the estate is split up?
1 ANSWER
Real Estate Attorney serving Garden City, NY
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Law Offices of Hein, Waters and Klein
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You should have a written agreement with the other heirs about you advancing the funds to pay the taxes and their agreement to reimburse you from estate funds. However, I don't know enough about the estate to know if there are other issues of concern.
Answered on May 04th, 2015 at 11:28 PM