If I pay back taxes on my deceased aunt's property what form is needed to have heirs sign it over?

Full question:

My aunt passed away and her land will be up for sale for back taxes this summer. I can pay the back taxes but I need to know if I can take possesion of the dwelling if the other heirs sign some kind of papers transferring their heirship to me.

Answer:

If the heirs who received ownership of the property by Intestate succession or her Will sign the property over to you by deed, then the property can be yours. Joint owners of property all have an equal right to take possession of the joint property they own, absent an agreement to the contrary.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, when you sell inherited land, you may have to pay capital gains tax on any profit made from the sale. The tax is based on the difference between the sale price and the fair market value of the property at the time of inheritance. However, there are exemptions and deductions that might apply, so it's advisable to consult a tax professional for specific guidance.