Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
If I pay my Mom's estate taxes would I be reimbursed when the property sells if my siblings don't contribute but want to keep the property?
6 Answers
- coraannLv 75 years agoFavorite Answer
The will must be filed with Probate first. The lawyer will do this.
When Probate is settled, the house can be sold. Any outstanding property taxes,funeral expenses and any
other bills your Mom may have had, will be paid from the funds of the house sale as well as any legal fees.
If there is a mortgage, that must be paid off as well.
Then, whatever monies remain will be distributed evenly between the siblings.
If your mother had other monies, enough to pay all of the above, then the house need not be sold.
YOU must not use any of your own money to pay anything regarding the estate of your mother. Do not
sign anything either.
Source(s): Knowledge. - AngeliqueLv 55 years ago
That's not the way estate taxes work. Very few estates in the US pay them anymore. Do you mean property taxes? If your siblings want to keep the property, they should reimburse you their shares of the property taxes. If you don't want to keep the property and they do, they could buy out your share. If they don't do so willingly, you can take them to court by filing a partition lawsuit to force the sale.
- Anonymous5 years ago
Sell the property as quickly as possible if there is no cash in the estate to cover bills.
If you are the executor, you can do a promissory note for the tax bill, but then the estate has to reimburse you. If you aren't the executor, this can be difficult to enforce.
I would never do it for more than one year. If they want to keep the property titled in all of your names, they can cough up the money!
- Anonymous5 years ago
The ESTATE should be paying them out of it's assets. Who is the personal representative?
- How do you think about the answers? You can sign in to vote the answer.
- babyboomer1001Lv 75 years ago
No. Estate taxes are never reimbursed. It is between you and your sisters about who will pay what.
Source(s): Certified Paralegal, with 25+ years' experience. - G RLv 75 years ago
No, who do you expect to reimburse you? If your mother has a WILL how her assets will be allocated are already established. Unless you get your siblings to agree so something and put it in writing then maybe.