0
What does IRS require if mother and daughter are joint tenants of condo and mother dies with a will and condo is sold?
Wiki User
∙ 7y ago
More information is needed to answer your question. Was the Mother still living when the Condo was sold? Who inherited the Mothers share of the Condo upon death? What was the selling price of the Condo? Was it sold to an unrelated person?
Wiki User
∙ 7y ago
Wiki User
∙ 14y agoIf mother and daughter owned the condominium unit as joint tenants with the right of survivorship the daughter became the sole owner when her mother died. There is no need of probate and the property cannot be affected by the mother's will.
Add your answer:
Earn +20 pts
What are the release dates for House Hunters International - 2006 Mother and Daughter Travel from England to Cape Verde in Search of a Sunny Vacation Condo 18-7?
House Hunters International - 2006 Mother and Daughter Travel from England to Cape Verde in Search of a Sunny Vacation Condo 18-7 was released on: USA: 29 September 2010
Do I have to go through probate court even if I am an owner of my deceased mom's condo?
If you and your mother owned the condo as joint tenants with the right of survivorship full ownership passed to you automatically when she died. All you would need to do is record a death certificate in the land records office. If she owned no other property in her name alone then her estate doesn't need to be probated. If you owned the condo as tenants in common, or, if she had property such as bank accounts in her name alone, then her estate must be probated. You should consult with an attorney unless the first paragraph above applies to your situation.
How do you get around a rule by the tenants in a condo?
It is not advisable to try to get around rules set by tenants in a condo. It is important to respect and follow the rules and regulations that have been established for the benefit of all residents. Trying to circumvent rules can lead to conflict and potentially legal repercussions. Communication and collaboration are more effective ways to address concerns or issues regarding condo rules.
Does state law require a condo pool to close at 65 degrees?
A local realtor can probably answer your question.
Does a condo unit require a fire safe door?
NO... but all building require two ways to exit the building if there is a fire ...(if its more then 2 stories high)
How could one get condo rental in the UK without paying any comission?
Someone wanting to get a condo rental in the United Kingdom without paying any commission can do so by searching for companies that offer such a deal. Some condo rental individuals don't require a commission.
How does grandfather clause effect condo owner with pet?
A "grandfather clause" is a term for something that is ammended (or changed) like the rules for your condo building. If your building accepted pets and later decided to change it to No Pets - anyone who already lives there with pets would be protected by a grandfather clause. New tenants would be forbidden to have pets.
Who to talk to about renting your condo?
Your first query should be to your board, to discover what's expected of you when you rent your unit. If there is a rental cap, and you rent your unit which exceeds the cap, the association may require that you evict your tenant, for example. As a landlord, you may be expected to run background checks, financial worthiness checks and so forth, on your prospective tenants, and give proof of these tasks to the board: not the results, but proof of your payment for these checks. You will certainly be required to advise your tenants as to the values and living standards established for the community. You may be required to provide a copy of the lease -- with its minimum -- to the board. Finally, you will remain liable for association assessments during your tenants occupancy.
Will Taylor Swift go to Gonzaga University?
she has applied there. and i heard from a friends mother that she bought a condo here in spokane!!
Do in condo washing machines overload condo plumbing?
Not if the condo was built to code.
What has the author George Condo written?
George Condo has written: 'George Condo'
What services does Electric Insurance provide?
Electric Insurance offers six products and services: Home Insurance, Auto Insurance, Condo Insurance, Tenants Insurance, Umbrella Insurance and Personal Excess Liability - GE Employee Benefit.
