How To... in 90245>Question Details

Michelle, Home Seller in Virginia

When someone dies can their house stay in the trust in their name.?

Asked by Michelle, Virginia Thu Nov 6, 2008

My grandmother passed away recently and her house is in a trust. Because of the real estate market we have decided to rent it out for awhile. Can we leave the house in the trust, in her name, so we can benefit from the Prop 13 tax rate presently on the house?

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