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Can I Assume My Deceased Parents Mortgage?

January 24, 2024 by Maria LaPaige

Can I Assume My Deceased Parents Mortgage? Mortgage: Federal law requires lenders to allow family members to assume a mortgage if they inherit a property. However, there is no requirement that an inheritor must keep the mortgage. They can pay off the debt, refinance or sell the property. How do you assume a mortgage after

Does A Spouse Pay Taxes On An Inherited IRA?

January 24, 2024 by Maria LaPaige

Does A Spouse Pay Taxes On An Inherited IRA? Does a spouse pay taxes on an inherited IRA? Like the original owner, the beneficiary generally will not owe tax on the assets in the IRA until he or she receives distributions from it. What happens when you inherit an IRA from a spouse? If you