Legal Question in Wills and Trusts in California

Mother's adult son living with her dies and has no will, son owns a building being sold to third party and they want to pay off the loan, Mother is only heir to son. Does she have to pay Ca. state and Federal tax on money from building payy off?


Asked on 12/06/11, 3:10 pm

1 Answer from Attorneys
Aaron Feldman Feldman Law Group

Unfortunately, your question is missing some key information. How was title to the property held? Is there a Probate? If not, how can the sale close? What liens are on the property? Are you asking about Estate Taxes? If so, how much is the value of the son's estate? I suggest making an appointment with a lawyer who can review the specific documents and get all of the facts to give you a complete answer to your questions.

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Answered on 12/06/11, 3:16 pm


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