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Unfortunate home inheritance and how to navigate Inheritance / IRS Rules
Looking for a recommendation for an IL estate attorney who can help me navigate the following:
Father passed away with both his and my name on the deed, mother also deceased....one sibling wants to purchase it and pay the other siblings back.
I need help figuring out my stepped-up basis, Inheritance Law, how to ensure I am legal with transferring, or adding, brother's name to title. Can the money be transferred to siblings as a 'gift'?
Thanks