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Reply to "Inheritance debacle. WWYD? "
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[quote=Anonymous]Larla, I've posted this before -- you need to get your own legal advice, especially now. Be careful not to get yourself into trouble unwittingly. If the house is now in your name, you will owe taxes on any gifts over $14K that you give to Mary and/or Roy, whether you give them the house, part of the house or money. You should also check with a lawyer whether the request that Mary made could be considered extortion, which is illegal. [/quote]
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