Recent content by dean5665

What is the name of your state (only U.S. law)? North Carolina My wife wants me to move out so she can have time to "work" on herself and for me to "deal" with my issues. She says she is emotionally, mentally, and physically drained. She says that she wants us to reconcile but the only way...

Well... Just like most people, I am trying to pay as little tax as possible because my family needs as much money as we can get. I am not "bent out of shape" as you say. I am just worried about doing the right thing legally and for my family and the child my wife is expecting.

Good Grief! Can you you be a little less sarcastic? As I stated earlier, I don't know what I need to know. I don't know anything about probate. So I didn't know anything about needing to look at the deed. If I looked at the deed, I don't know what I would be looking for, either. We are only...

North Carolina I am married and I want to sell $32,000 worth of property to two of my sisters. Would the capital gains exemption apply here?

Can some one answer my other questions? Please!!!!!!!!!!!!!! :)

North Carolina Is the harrassment of any sort or just inconsiderate?

More Facts I'm sorry. I know nothing about all of this so I don't know what info. to provide. Here is what I can tell you. My mother is a widow, unmarried. I am on the deed with my three sisters. We are all just listed on the deed as the heirs of my grandmother. We all get along...

North Carolina This is one suggestion I received for avoiding any gift taxes or capital gains tax on the transfer of land valued at about 16,000. I know this sounds crazy, but someone suggested that I gift land that my family jointly owns to 2 of my sisters and let them pay my mounting...

North Carolina What would happen to my family's 11+ acres that we own together if my mother died with no will? Would we be forced to sell it and split the value?

Suggestions Any suggestions on how we could handle this and pay the least amount of taxes possible? I know this sounds crazy, but someone suggested that I gift the land to my sisters and let them pay my mounting bills. They would not be "gifting" me per se, they would just be helping pay my...

Basis of property Thanks for answering. The land is just over 2 acres. When it was left to us in a will by my grandmother, it was valued at around $750 per acre. Now it is valued at about $16,000 per acre. What would the capital gains on that be?

North Carolina I am filling out a quitclaim deed for some property that I own jointly with my 3 sisters and mother. I am turning over the land to just two of my sisters and in turn they were going to gift me the amount (less than $11,000) of the approximate value of the land. Is this legal and...

North Carolina I am filling out a quitclaim deed for some property that I own jointly with my 3 sisters and mother. I am turning over the land to just two of my sisters and in turn they were going to gift me the amount (less than $11,000) of the approximate value of the land. Is this legal and...