Heres the situation Mum has a house, too big for her, she wants something smaller but in her 70's doesn't want to buy again.
She owns outright, wants to sell to Dh and I cheap, and then give money to my sibling the same value as our discount on the house (if that makes sense)
What can she do legally. If she passes away do we get to pay taxes on the full value and Bro on the money he got too?
What is she gets sick and needs a nursing home, will we have to sell to pay for it seeing we bought her house cheap?
I don't want her to do anything that will come back to bite her in the butt or put us out on the street.
Can you tell I have no clue about this stuff?
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Is it legal to sell a house cheap.
27 replies
CaliforniaLeaving · 02/09/2012 17:56
OP posts:
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