Legal Question in Wills and Trusts in Texas

My Mother is very elderly and I am the remainderman for a life estate deed which may take place soon.

My question is will I be charged a capital gains tax when the deed is transferd into my name?

I do plan to sell the house worth approx $60,000, any thing I should know regarding taxes?

I am disabled and live in Texas.


Asked on 8/17/10, 2:37 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Capital gains are assesses at the time of sale. There will be no capital gains tax at the time of death.

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Answered on 8/23/10, 8:25 am


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