Question is pertaining to $250/$500k capital gain ownership qualification, only concerned about ownership the 2 years living in the property is not in question.A few details:- real estate bequeathed on a will but got caught in a probate dispute- inherited by non spouse, beneficiary not related to the decedent- beneficiary occupied the property prior to the distribution and reimbursed the estate for all the property’s expenses from the day of death to the day of distribution.

@Brett Abamonte Best bet would to have a rich father/uncle/aunt who bequeath the majority of their estate to you.

Effectively, I have tax-free cash flow from the syndications and tax-free appreciation from the physical properties (if I 1031 exchange them before the 27.5 years is up and donate/bequeath them in my will).

He wants to bequeath his home to me so that my brothers will always have a home (nothing can be under their names or else SSI and Disability is removed)Issues:There is still a mortgage - he owes on the house more than house is worth (but value is going up)He divorced his 2nd wife who tried to sue for half the property, however this was a premarital purchase, so divorce judge said she had no claims to home.he was in foreclosure before the divorce and was able to save the house under one of the Obama 'save your home programs', however at that time, it was refinanced under both his and her name.Prior to divorce he added her name to deed so in event of his death, the house would not go into probateMy question is if he is divorced now does he have to still legally remove her from deed?

Hey all,Let's consider a scenario: An older family member is moving to town and buying a house. This person will put a significant portion (50%) down, so there will be plenty of equity in the property. This family mem...

The sooner you buy, the faster you build equity, the more wealth you bequeath your children.

There are many legal and honorable ways to do this without twisting and redefining a legal title because someone charged you a lot of money to bequeath it to you.

So, both Grandparents would have to die before the property is bequeathed to your Father. 

Also, it might be easier to finance a property as you can move into it and have it as your primary residence and put as little as 5% down payment.Disadvantage:  If you are sued for something to do with that property and it is not covered by your insurance then it can be on you personally.Incorporation Name:Advantage:  Easier to pay on to your kids or sell to other people as you sell or bequeath the company and the properties go with it. 

You can also benefit from agent referral commission that the brokerage pays you in perpetuity that can be bequeathed to your heirs @Trevor Aydelott.