purplesage
Dryer sheet wannabe
Good morning,
I have been reading posts for years and now am wondering if you guys can help me with some questions I have.
I have retired in the last 2 years and my mom died 2 years ago. She had a second home and added me and my brother on as joints tenants.
We want to sell it now and will have to pay 60,000 in capital gains.
We looked at keeping it and renting it out but that isn't allowed.
I have been hearing about Charitable remainder trusts which would save us from paying the capital gains but not sure if this is a good option.
Has anyone had experience with this?
Thanks so much
I have been reading posts for years and now am wondering if you guys can help me with some questions I have.
I have retired in the last 2 years and my mom died 2 years ago. She had a second home and added me and my brother on as joints tenants.
We want to sell it now and will have to pay 60,000 in capital gains.
We looked at keeping it and renting it out but that isn't allowed.
I have been hearing about Charitable remainder trusts which would save us from paying the capital gains but not sure if this is a good option.
Has anyone had experience with this?
Thanks so much