What is the name of your state (only U.S. law)? Arizona
My mom is meeting with hospice today. She has a will which names me as executor of her estate which isnt much. She owns a home but there is still a substantial mortgage on it. In her will she says that I have the choice to stay in the house or to sell it. If I chose to sell it the equity is to be split between my brother and I. The pool at the hose is empty and has been for years so I do not think selling it is an option right away. I currently live with her and care for her. My question is... If I decide to stay in the house, Do I just continue to pay her mortgage? Can I claim those mortgage payments on my taxes next year? I am currently not on the title or the mortgage. What do we need to do to tie up loose ends?
My mom is meeting with hospice today. She has a will which names me as executor of her estate which isnt much. She owns a home but there is still a substantial mortgage on it. In her will she says that I have the choice to stay in the house or to sell it. If I chose to sell it the equity is to be split between my brother and I. The pool at the hose is empty and has been for years so I do not think selling it is an option right away. I currently live with her and care for her. My question is... If I decide to stay in the house, Do I just continue to pay her mortgage? Can I claim those mortgage payments on my taxes next year? I am currently not on the title or the mortgage. What do we need to do to tie up loose ends?