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What is the name of your state? New York.
I was told to post this here.
My parents bought their home in 1965 for $25,000. They transfered their deed subject through a Life Estate to my sister and myself in 1999 to avoid long term health care costs. The fair market value at that time was...
What is the name of your state? New York.
My parents bought their home in 1965 for $25,000. They transfered their home through a Life Estate to my sister and myself in 1999 to avoid long term health care costs. The cost basis at that time was approximately $300,000. Both my sister and...
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