Factors to consider when determining how best to transfer home from parent to heirs

Her house is still in her name. She was unsure for many years whether to transfer the title to all three of her children, and she now wonders whether she should do that while still living in the home. My sister and I have no interest in keeping the home after she is gone, but my brother, who lives with her, may have an interest in buying it down the road.

I’m assuming that if we leave things alone, the estate will go into probate. Or if we discuss this with her while she is alive, she can decide whether to transfer the home to us and we can then work out the details later among each other. Is it better to transfer the title of the home to us, or to leave it as it is given her age and go through probate?

Mom has her affairs in order.

Read More

FBI returns painting stolen by Nazis to owner’s heirs

In 1933, Rudolf Mosse’s heirs used the power of his publishing company to critique Nazis, who said Jews like them were inferior.

So the Nazi party targeted the newspaper’s publisher, Hans Lachmann-Mosse, and many of the company’s Jewish staff members, forcing them to flee as they looted Mosse’s paintings, including one of a woman and a man walking in the snow titled, “Winter.”

But on Thursday, almost 90 years since the Nazis embarked on their evil regime, the FBI in Albany symbolically returned “Winter” to Mosse’s heirs.

“Injustices do not stand — no matter how long ago they were committed,” acting United States attorney Antoinette T. Bacon said, as she stood behind a podium in the virtual repatriation ceremony. “I’m thrilled that we are able to provide a measure of restitution to the Mosse family, who suffered a great injustice many years ago.”

To Bacon’s left was the golden-framed painting,

Read More