Legal Question in Real Estate Law in California

My wifes mom passed and the house is payed for and my wife has a brother and a sister. My wife and i are trying to buy the house by refinancing to pay sibblings off. Our bank needs to take the house out of trust and put into all 3 kids name and the 2 sibblings to be payed out of escrow. My question is will there be any tax issuses by taking it out of trust?


Asked on 9/26/10, 8:35 pm

1 Answer from Attorneys

Yes, there will be tax issues.

Read more
Answered on 10/01/10, 11:41 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in California