Monday, January 20, 2014

Can I buy my mothers house for one dollar before she dies to prevent any inheritance taxes?

Question

Can I buy my mothers house for one dollar before she dies to prevent any inheritance taxes?



Answer

No way to know without more information, but you don't really think that the IRS would allow this do you? On the otherhand, inheritance taxes don't usually apply to small estates. Talk to your family attorney.



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