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Updated over 1 year ago,

User Stats

67
Posts
37
Votes
Christopher G.
  • Rental Property Investor
  • Hohenfels, Germany
37
Votes |
67
Posts

Unfortunate home inheritance and how to navigate Inheritance / IRS Rules

Christopher G.
  • Rental Property Investor
  • Hohenfels, Germany
Posted

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

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