Estate Question
Location: SC
My father died a few years ago. He had a profession, made good money and was a great dad. When he died, he left everything to my mother and if she predeceased him, his estate was to be divided between myself and my two sisters.
After my father died, my mother- who I always had a rocky relationship with, met a guy on a cruise ship and remarried. She sold the family home and paid cash for a home in Florida with the proceeds. She and her new husband lived there until her death.
Recently she died, her new husband has tenancy in the home for the rest of his life. She also wrote me out of the will entirely, leaving money to her new husband and my sisters. Though not entirely surprising, I’m still pissed that she did this. My mother never had a “real” job, she sold Mary Kay, cut hair part time, sold travel. She worked, but my dad provided probably 80% of the household income.
Anyway, as my sisters realize that it was actually my dads money that paid for the Florida house, they have said that when new husband dies, the house will be sold and split by three, as my father wanted.
My question is about taxes etc, when this happens. Since it’s not technically an inheritance, what will happen when that check comes? Will I have to pay taxes on it, etc? I’d appreciate any advice on this. Thanks.
[link] [comments]
Popular Products
-
Classic Oversized Teddy Bear$23.78 -
Gem's Ballet Natural Garnet Gemstone ...$171.56$85.78 -
Butt Lifting Body Shaper Shorts$95.56$47.78 -
Slimming Waist Trainer & Thigh Trimmer$67.56$33.78 -
Realistic Fake Poop Prank Toys$99.56$49.78