Hello,
In a lifetime right of occupancy does the step up in basis start at the date of death or when the lifetime occupant moves out ?
Ex: Grandfather passes away 2 years ago. He lets his wife(not grandmother) live in the house with a lifetime right of occupancy. She moves out 9 months ago and...
Scenario:
3 people inherited real property in equal shares in a trust. The trust calls for distribution in equal shares to the 3 beneficiaries.
Question:
Do all the beneficiaries have to take title in the same manner ?
Note:
Looks like between tenancy in common & joint tenancy. It would...
