how can I will property to someone without them paying inheritance taxes?
362808
Quit claim them on the property now as a Joint tenant with rights of survivorship. Any Title company in your area can draw up and file this document for you and the person or persons you wish to have your real estate when you pass away
1099746
You have no obligation, morally or otherwise, to pay your parents' debts.  Before you get any inheritance, however, the debts will have to be paid out of their estate.
896356
Yep.  Property Taxes, Whether back or future.  Inheritance tax
512083
Go to the site below and click on the state the inheritance would be in and see if you have anything.  It is worth a try.
1112274
Interhitance Taxes are somewhat obsolete although some states still have those kinds of taxes. If you are talking about the estate tax, the estate tax is deducted from the assets of the estate and then your inheritance is based on the residual value of the estate. \n\nIt is all based upon percentages and dollar values of the estate. For these kinds of problems contact a CPA or Title and Trust company in your area. \n\n\n\nIRS CIRCULAR 230 NOTICE:  To ensure compliance with requirements imposed by the IRS, we inform you that, unless specifically indicated otherwise, any tax advice contained in this communication (including any attachments) was not intended or \nwritten to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any tax-related matter addressed  herein.
985675
Start with your local police.  You do not need to be someone's blood relative to be named as an executor of a will or trustee of an estate.
904701
The mortgage is not relevant for taxes.  You need to know your tax basis in the property.  Normally, property received by inheritance is valued at the time of death to determine basis.  This means you should not have a capital gain.  You said the house is "in trust".  If this is true, neither you or your brother own the house, the trust does.  Your ability to "cash out" is determined by the terms of the trust and the decision of the trustee.  You need to consult and attorney who needs to read the trust documents.
967093
This is a tricky one.\n\nYou would pay capital gains taxes on the difference between the sale price and the basis.  The basis would include the original cost plus any improvements.  The property taxes were probably deducted each year so you can not add those to the basis.  You may get a "stepped-up" basis for half of the land based on the fair market value of land on the date of his death.\n\nIt is time to see a professional.  I would not attempt this on your own.
535629
Ask an attorney, you don't want to do anything illegal and then get the shaft in the end. I thought that he could write a will and sign his money over to you, that way it's not in his name. Or, you can use it to pay his hospice nurses. But most importantly I would ask a lawyer
431814
No you cannot. In order to inherit from a person you must have a blood or legal relationship with him/her. When you divorce a spouse your legal relationship is void.
988001
She will have to go through the court process to distribute the assets he has left.  Everything has to go through the state if there is no will.  I would suggest she call an attorney and a certified public accountant.  The attorney will be able to tell her how and where to file papers to the state.  The CPA will tell her what she needs to do to file his final tax return and the Estate Tax Return (if needed).  If he doesn't have much say maybe a house and a car or something small then she shouldn't have to do much.  If he has a lot of stocks, bonds, savings accounts, retirement, etc.  she should definately hire an attorney.  Check your state laws for more specific details of forms and steps to take.  I'm sorry to hear about her loss.  You are a good friend to help her anyway you can.
242070
No, but any future earning can be levied, even his income tax refund. If the matter drags on you can also levy any property they own.
565220
the lawyer settling the estate should take care of that for you. if there is no lawyer, call the irs toll free and ask them.
282249
You should locate the Salvation Army in your area. They have  a program that they will help you find a relative. There is a form to fill out and you tell them eveything you know about your relative. They will not locate friends just relatives as I understand. It costs about $25.\nIf you know that your Grandson has money coming to him through inheritance  or otherwise  you can send  a letter to Social Security(unsealed ) with your return address and they will forward the letter to the correct person. Tell Social Security everything you know about him and about the money your grandson does not know about. It has to be in an account not just that you want to locate him and give him money. In both cases if the person you are contacting does not want to contact you ...you can not make them.\nIf you have unlimited calling access you can go online and check the whitepages and leave out the state. It only takes a quick call to ask a few questions and hopefully reach the correct party. I have done this with success.\nI wish you much luck...\n\nLocating Private Individuals\n \nThe Internal Revenue Service (IRS), the Social Security Administration, and the Salvation Army can assist you in locating individuals here in the United States. The Department of State’s American Citizens Service Abroad can assist you in locating relatives or friends living or visiting abroad and who are U.S. citizens.\n\nPlease review the policies and guidelines for each agency/organization below:\n\nInternal Revenue Service (IRS)\n\nThe IRS may forward a letter to someone when humane reasons are involved. For example:\n\nTo notify someone of a serious illness, imminent death, or death of a close relative,\nTo seek an individual for a medical study to detect and treat medical defects, or\nTo notify an individual who cannot otherwise be located that he or she is entitled to certain assets. \nThe IRS will forward a letter from an attorney, estate administrator, or other person who directly controls the assets.\n\nFor more information and clarification as to what may constitute "humane" reasons, you may refer to the IRS Handbook 1.3, Chapter 11, which you may find in Other Information Available to the Public.\n\nIf you would like the IRS to help you locate an individual, place a personal letter addressed to the individual in a blank envelope. Include first class U.S. postage, and do not seal the letter. Place the unsealed letter in another envelope and address it as follows: \n\nInternal Revenue Service\nOffice of Disclosure Operations\n1111 Constitution Avenue NW\nWashington, DC 20224 \n\nSocial Security Administration\n\nThe Social Security Administration will attempt to forward a letter to a missing person for reasons similar to those mentioned in the IRS section above. There is a $3.00 charge for forwarding letters to inform persons about money or property they may be owed. Humanitarian letters are forwarded free of charge.\n\nFollow the same guidelines for sending a letter, and address it as follows: \n\nSocial Security Administration\nOffice of Public Inquiries\n6401 Security Blvd.\nBaltimore, Maryland 21235 \n\nSalvation Army\n\nThe Salvation Army has operated a Family Tracing Service since 1885. The service is designed to help people reestablish contact with close relatives they may have lost touch with a few years ago or many years ago. The service is available in many of the 100 countries where the Salvation Army is located.\n\nThe Salvation Army will not help to locate someone in the following instances: \n\nFriends \n\nSituations where adoptions have taken place \n\nAlleged fathers of non-marital children \n\nYoung people under 17 years of age \n\nFormer husbands or wives \n\nSpouses for divorce purposes \n\nEstate or similar business matters \n\nGenealogies\n\nFrom the United States, you may contact the Salvation Army Territory Office for your state. Local Salvation Army office numbers are listed in your local telephone directory. You may al
169939
Your best resourse would be to try the state's Treasury Dept. web site. They have information on all unclaimed properties. I recently had a similar situation in PA. Sometimes if the state takes control of the property, they sell it and keep the money in a non-interest account until the person on the deed or the rightful heirs claim the monies.Good Luck! Each state is different.
343364
My father just passed without a will so I've been through something similar.\nIf there is a will then the law is to follow the instructions of the will. It can be contested but that takes time and money.\nIf there is no will then someone has to send a petition to the courts in his, the deceased, state and request to be appointed guardian/executor of the estate. It is easier to have the "permission" of the other siblings so it won't be contested. Once the court approves the petition then his estate, assests thereof, will be used, sold if necessary to pay off any and all debts the person had. What is left after that is divided between the surviving brothers and/or sisters. Children of deceased siblings are not usually included in the division, but can be. Hope this helps.
884855
If the property deed said and or and your name was second you will have no taxes to pay. The property will just roll over.