Legal Question in Tax Law in California
My mother pased away in 1997, in the living trust, the condo was left to my sister and myself. I have been occuppying the condo sice my mother passed and now we want to sell the condo . The title is still in my mothers name. What do I have to do to sell the condo which will sell for about 300k with the least amount of tax issues. I want to do this and actually give my sister a larger share since I have been living there all these years.
Asked on 9/22/11, 5:50 pm
1 Answer from Attorneys
Donald Field
Donald L. Field, Jr., Attorney at Law
if the title is still in your mother's name, and not in her name as trustee of her living trust, probate will be necessary (although depending upon the facts it may be less involved than usual). you should consult a qualified attorney for advise and preparation of a petition for probate.
Answered on 9/24/11, 8:40 am