Posts Tagged ‘capital gains’
Title Passes to the Widow
Question: My husband and I purchased our home in Phoenix 12 years ago as community property with right of survivorship. My husband recently died. The home has increased in value to $186,000, and I am worried about paying taxes. Should I have the title transferred to my name only? I am in my late…Read More
Can I swap Pinetop Land for FH Home?
Question: We originally intended to build a home on 5 acres of vacant land we bought in Pinetop several years ago. We now want to be closer to our elderly parents who live in Fountain Hills, and we are thinking about buying a home in Fountain Hills. If we trade the Pinetop land for…Read More
Inheritor of Home Owes no Estate Tax
Question: You frequently mention the benefits of recording a beneficiary deed now for simple inheritance of a home or other real estate. I know that a beneficiary deed is not effective until death and can be revoked at any time prior to death. For example, if after recording a beneficiary deed I get angry…Read More