Augusta, NJ Estate Planning Law Firms & Lawyers

you will not loose it to inheritance tax !  There is no inheritance between a parent to a child.  You may have to pay estate tax if the total amount of your parents estate is over $675,000.  there is a very easy way to double that, to protect $1,350,000.  You should explore various options, a trust for the house, taking advantage of all tax credits, and possibly gifting.  You can call my office for a free consultation.

This is very easy.  It will require the preparation of a deed called a quitclaim deed.  The property will go from both parties names, into one party, and both parties will have to sign the deed.  The cost for this is approximately $500 if you have a copy of the recorded original deed.

She should probably hire an attorney to help her because there may be liens or other encumbrances on property that were done without her knowledge.  for the most part, she might be able to avoid paying the charges, and have her husband's estate declared to be "insolvent" and discharge the debt of the estate in a manner similar to a bankruptcy discharge.  The ability to do that is going to depend on what assets are in the estate, what things, if any she owned jointly, and the nature of the debt.