S
SteveMc991
Guest
What is the name of your state? California
Deceased owned only 40% of house, and beneficiary A owned 60%. The rest of the estate is to go to beneficiaries A, B, C & D equally. Are not house-related debts, such as propery tax, appraisals, etc, as well as income such as rent figured at only 40% that the estate owns (beneficiaries A, B, C & D ) ?
Simply stated, with a, e.g. $1000 propert tax bill, doesn't beneficiary A have to pay 60% of the bill ($600), and only present 40% ($400) as an estate debt ?
What about utilities ? Would they be considered also as the above 60/40 spilt ?
Thanks,
Steve
Deceased owned only 40% of house, and beneficiary A owned 60%. The rest of the estate is to go to beneficiaries A, B, C & D equally. Are not house-related debts, such as propery tax, appraisals, etc, as well as income such as rent figured at only 40% that the estate owns (beneficiaries A, B, C & D ) ?
Simply stated, with a, e.g. $1000 propert tax bill, doesn't beneficiary A have to pay 60% of the bill ($600), and only present 40% ($400) as an estate debt ?
What about utilities ? Would they be considered also as the above 60/40 spilt ?
Thanks,
Steve