Posted by Bern on January 28, 2002 at 15:03:51:
We recently had a hearing with our landlord at the DHRC. The DHRC realized that the name of the landlord on the deed was the deceased father of the current landlord. The DHRC pressed upon our landlord that he needed to have the deed name changed ASAP. It seems that the landlord did not execute the formal translation of the deed to his name when he inherited the property. The father was deceased over 10 years ago. My question is: If the landlord did not properly change the deeds name so that they will not incurr the burden of the inheritance tax. Should the estimated value for the building be defined in todays value (2002) or when the previous landlord was deceased to assess the inheritance tax burden.
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