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Articles Posted in Tag: inherited property

Do you pay inheritance tax on a trust? (Revenue Code section 13301)
Underwood Law Firm, P.C.

When property is transferred whether as an “inter vivos” meaning during life transfer, or as a result of death, it may be subject to taxes like property taxes and transfer taxes. When property is transferred as a result of death in some states an inheritance tax may apply to the heir or person receiving...

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Can Siblings Force the Sale of Inherited Property?
Underwood Law Firm, P.C.

Yes. In California siblings can force the sale of inherited property through a partition action. Partition actions allow siblings who co-own inherited property to request a court-ordered sale of property when it cannot be physically divided or the siblings cannot reach an agreement on the property’s management and disposal. Allowing siblings to force the...

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