Legal Question in Wills and Trusts in Iowa
My mom filed a quit claim deed on her farm in Iowa. My siblings and I are the grantees. The farm is now being sold, does the money get divided among my siblings and my mom? Who pays the taxes? Do we each need to claim the sale of the land on our taxes?
Asked on 1/26/11, 7:20 pm
1 Answer from Attorneys
Robert Luedeman
solo practitioner
This is a confusing scenario. Who paid money to whom? Who sold the farm? Who bought the farm? If it's a quit claim, who else is involved that holds an interest in the property? Are there liens?
Answered on 1/27/11, 5:39 pm