Legal Question in Real Estate Law in Indiana
Home that is willed to someone...
A person that has a home willed to them (2nd parent passed away in 1991) now wants to put the name in his/her name so that it can also be left to a loved one. Any taxes that come due are still in the names of the parents but are paid promptly by the son. What does putting the house in his name entail and would he be subjected to any inheritance taxes, penalties, etc.? Thank you for your time.
Asked on 1/11/07, 4:10 pm
1 Answer from Attorneys
Re: Home that is willed to someone...
Chance are that all he needs to do is prepare and sign an affidavit of heirship and then file it at the recorder of deeds office.
Answered on 1/11/07, 6:22 pm