Tax Consequences of Buying Your Parents’ House

Tax Consequences of Buying Your Parents’ House When one is thinking about purchasing a property from their parents, they should take into account the tax consequences that come with it. Whether buying in cash or through mortgage payments, taxes can always be due on this type of real estate transaction. Based on if the sale…

Who Can Live in a House During Probate?

Who Can Live in a House During Probate? When it comes to the question of who will are now living in a home during probate, there are always a few things that must be taken into account. Firstly, if the property is owned jointly then both owners have equal rights over living in the house…

Can You Turn Off Utilities on a Squatter?

Can You Turn Off Utilities on a Squatter? It’s possible to find themselves wondering when it is possible to turn off utilities on a squatter. The solution typically depends upon the applicable state and local laws, however in most situations, it’s yes. Before turning off the utility services from occupants who don’t hold legal rights,…

Who Can Live in a House During Probate?

Who Can Live in a House During Probate? In regards to the question of who can reside in a residence during probate, there are always a few issues that have to be taken into account. Firstly, if the property is owned jointly then both owners have equal rights over living in the house until one…