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It depends on the terms of the life tennancy...if she was to pay the tax and maintain the property as long as she exercised the tennancy...then she pretty much has to....if she doesn't want the tennancy anymore, she can give it up to the remainderman, (who presumably then gets all ownership and rights to use) and he would be responsible.
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∙ 15y ago
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Who is responsible for taxes?
lifetime dowry responsibilitys
How do states use taxes?
States use the state taxes on many different things. These taxes are used to redo roads, pay state employee wages, plow roads, and upkeep of lawns.
How much is the lifetime gift exclusion for estate taxes?
5.1 million
Do you need permission from someone to claim them as a dependent on your taxes?
Unlikely as they would usually be minors or disabled. You do need to prove that you provided more than 50% of their care and upkeep.
Can you deduct house insurance from your taxes?
No.
Who is responsible for taxes?
lifetime dowry responsibilitys
Who is responsible for taxes inurance upkeep in a lifetime right situation?
The lifetime owner of the property has the exclusive right to pay taxes and insurance up keeping during his life. This right automatically expires with his death.
What are taxes paid to the government used for?
Military protection and road (highway) upkeep.
Can expenses made for the upkeep of my deceased parents be claimed on my income taxes?
No deduction on your federal 1040 income tax return for any of the expenses for the upkeep of your deceased parents.
How do states use taxes?
States use the state taxes on many different things. These taxes are used to redo roads, pay state employee wages, plow roads, and upkeep of lawns.
Mine income is well below the poverty line and i want to buy a house for the first time?
You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.
Step-father has lifetime rights to house The county property taxes have not been paid for three years and foreclosure is a future possibility At what point can I sell the house?
You can sell your rights to the property at any time. I assume that you are the remainderman. You can pay the taxes and file suit against your step-father.
How much is the lifetime gift exclusion for estate taxes?
5.1 million
Who is responsible for property taxes and upkeep of home if the mortgage was discharged in chapter 7 bankruptcy and the foreclosure process has not begun in Florida?
The owner of record is responsible for taxes and upkeep until a deed conveys the property into another name. The owner will be responsible from the Bankruptcy file date until the date of Trustee's Sale- even if the original sale date is postponed.
How are gardens in the city tended?
Gardens in the city are usually tended by the local council or government authorities. They are public grounds and the upkeep will be paid by people's taxes.
Do you need permission from someone to claim them as a dependent on your taxes?
Unlikely as they would usually be minors or disabled. You do need to prove that you provided more than 50% of their care and upkeep.
Can you deduct house insurance from your taxes?
No.
