  Asked 8 months ago - Plymouth, MA  and if so will we both have
to pay  Attorney answers (5)    1. Pro      Contributor Level 11
Lawyers agree       Eric P. Rothenberg, P.C.     160 Gould
Street-Suite 320     Needham, MA 02494-2300     Tel:
781-239-8900     Fax: 781-658-2203      Follow my Tweets at
2. Pro      Contributor Level 18       Lawyers agree
Answered . Mr. Rothenberg is on target, as usual. The answer to
your question depends on the facts of the situation. Given the
potential for significant capital gains, you really owe it to
yourselves to meet with an experienced probate attorney.    3.
Contributor Level 19       Lawyers agree      Answered . Have
the numbers crunched by an accountant     4. Pro
Contributor Level 13       Lawyers agree      Answered . As
others have noted, it may depend upon other facts. I.e., if he
retained a life estate, then you would get a "step up" in basis.
Likewise, if the house received a step up in basis at your
mother's death, and the value subsequen