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