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Reply to "When the estate breaks the family"
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[quote=Anonymous][quote=Anonymous]If you interpret the law to find that each beneficiary is entitled to an equal portion of 50% of the equity then you have to play it backwards too. Lets say it’s 2009 in area that crashed and the value declined 40% would the estate be responsible for 40% of the loss in equity? Would the estate be responsible for 50% of back taxes and maintenance that the parents didn’t pay for over the years? [/quote] yes of course. which is actually why OP should resolve the situation otherwise House Sibling could let the house go into foreclosure or a tax lien the estate would be tangled up in. [/quote]
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