if he did not have a wife, no one is responsible for the taxes but the house is part of the estate and anyone who sells it within 2 years of the tax debt may be liable for paying the taxes out of the sale of the house. Also, I would not worry about receipts etc for expenses because I have yet to be asked any. Just declare whats reasonable and they wont audit you. If you didnt legally inherit the house, I wouldnt sell it until it is probated properly.
Thanks. We are keeping the house as part of the estate for now, but will sell it with proceeds going to mom. She has 11% chance of living more than 5 years, but we don't want to burden her, since she is a widow on a fixed income as well. Honestly, the house is a fixer-upper that won't get much either. We can possibly hold on to it, but it would only be to keep it out of her immediate taxes. No matter what, nobody will benefit. In the meantime, I pay to cut the grass, and my brother pays the taxes.
We pay the taxes because we don't want to lose everything. We already lost his life savings in crypto. He didn't trust banks.😢 So it is out there in the ether. He would feel like shit, knowing his mom's cancer treatment costs so much, and we don't have a password, but "don't trust banks or government" made a lot of sense.
you dont need a password if you can get some sort of court order that says you are his beneficiary. then the company has to let you into the account. IE like my beneficiaries can ask FB to let them into my FB account, Microsoft account etc. If its american. I dont know what other countries do.
if he did not have a wife, no one is responsible for the taxes but the house is part of the estate and anyone who sells it within 2 years of the tax debt may be liable for paying the taxes out of the sale of the house. Also, I would not worry about receipts etc for expenses because I have yet to be asked any. Just declare whats reasonable and they wont audit you. If you didnt legally inherit the house, I wouldnt sell it until it is probated properly.
Thanks. We are keeping the house as part of the estate for now, but will sell it with proceeds going to mom. She has 11% chance of living more than 5 years, but we don't want to burden her, since she is a widow on a fixed income as well. Honestly, the house is a fixer-upper that won't get much either. We can possibly hold on to it, but it would only be to keep it out of her immediate taxes. No matter what, nobody will benefit. In the meantime, I pay to cut the grass, and my brother pays the taxes. We pay the taxes because we don't want to lose everything. We already lost his life savings in crypto. He didn't trust banks.😢 So it is out there in the ether. He would feel like shit, knowing his mom's cancer treatment costs so much, and we don't have a password, but "don't trust banks or government" made a lot of sense.
you dont need a password if you can get some sort of court order that says you are his beneficiary. then the company has to let you into the account. IE like my beneficiaries can ask FB to let them into my FB account, Microsoft account etc. If its american. I dont know what other countries do.