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Sibling created a huge tax liability by accepting disbursement of funds from sale of parent’ property?
Sibling created a huge tax liability by accepting disbursement of funds from sale of parent' property? Last month, we went through the process to sell my Mother's home. My Mother is currently in a nursing home and was incapable of being involved now due to severe cognitive decline. My brother, Randy, has had power of attorney. We were selling the home (was paid off) as her only real asset to spend down for her care, which now costs 5 figures/mont...
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