M
Michael600
Guest
What is the name of your state? I am located in Califoirnia.
My wife passed away in 1996.
We bought a house together in 1993, before being married. The house has a none specificed deed of trust. The title by presumption is tenants in common.
We became husband and wife in 1994.
My wife had two children from a previous marriage.
my wife passed away in 1996.
I am trying to settle the estate, but some of the things my lawer is telling me do not match what I am reading about probate? I am not sure if I need a new lawer or maybe I am not understanding the probate laws?
My lawer has told me that the value of the house for the estate is the value of the house on the date the estate is settled, not the value at the date of death? He has also told me that I can not subtract out any of the money still owed on the mortage from the eatate? I have rented room in my home since my wife died to off set the loss of her income. My lawer has told me , my wifes children are entiled to part of the money I have made off renting room in my home?
So I have been told that I will have to pay the two children 1/6 the value of the house, at the time the estate is settled, with out subtracting any part of the mortage each, plus 1/6 of any rental money I made off my home? dose this sound right?
My wife passed away in 1996.
We bought a house together in 1993, before being married. The house has a none specificed deed of trust. The title by presumption is tenants in common.
We became husband and wife in 1994.
My wife had two children from a previous marriage.
my wife passed away in 1996.
I am trying to settle the estate, but some of the things my lawer is telling me do not match what I am reading about probate? I am not sure if I need a new lawer or maybe I am not understanding the probate laws?
My lawer has told me that the value of the house for the estate is the value of the house on the date the estate is settled, not the value at the date of death? He has also told me that I can not subtract out any of the money still owed on the mortage from the eatate? I have rented room in my home since my wife died to off set the loss of her income. My lawer has told me , my wifes children are entiled to part of the money I have made off renting room in my home?
So I have been told that I will have to pay the two children 1/6 the value of the house, at the time the estate is settled, with out subtracting any part of the mortage each, plus 1/6 of any rental money I made off my home? dose this sound right?