tanbaby1218
Member
What is the name of your state? GA My MIL owned the piece of property that my SIL lives on. MIL died before deeding said property to my SIL. What does SIL need to do to have property put in her name ?
The critical issue is whether your MIL had a will and, if she did, what she said should be done with the home. The problem is that in order to know how this should be done I'd need all the details of the estate and the family tree to see what might be done. Using disclaimers can be an easy way to fix this with the right fact situation. Note that the disclaimers must be executed within 9 months of the date of death to be effective for federal tax purposes, and many states follow the same nine month rule for their deadline for disclaimers to be done. After the time allowed in state law for the disclaimers has passed that option is no longer available. So if there is still time left for that, your spouse, SIL, and any other kids of your MIL ought to see a probate attorney pronto to get everything arranged to accomplish their goals with the least cost and the least amount of tax to pay. There may be several ways to accomplish the goal of getting SIL sole title to the house, but some methods will cost more or result in more tax than others. So your spouse and her family will want to see the probate attorney and, if the probate attorney is not also an expert in income tax, they'll want to see a tax professional (enrolled agent, CPA, or tax attorney) to determine what the best way to go about this will be.What is the name of your state? GA My MIL owned the piece of property that my SIL lives on. MIL died before deeding said property to my SIL. What does SIL need to do to have property put in her name ?