You definitely need to get in touch with a Trust and Estate attorney, who handles such
Matters, and can explain you the Tax implications of gifting to the kids as well as the Mortgage associated with
You can also get int ouch with the Title Company such as Chicago Title or Old Republic Title company
And they can help with you the Transfer of name after you have understood the other implications.
Your best bet is to speak with the Attorney for the Estate and refuse the inheritance. If you take ownership and subsequently give your share to your siblings you could be subjecting yourself to gift tax issues. Talk with the attorney now before it is setteled and transfered to you.
Fran and Mark Redding
Prudential Fox Roach
1010 Stony Hill Road
Yardley Pa 19067