ancillary probate: Owning Property in other States: Ancillary Probate Issues
- 08/28/12 07:04 AM
In an era where state boundaries are no barrier to movement, and airplanes can whisk us off to remote places with relative ease, it is not unique to own property out of Massachusetts, or for people who are not domiciled in Massachusetts to continue to own property in this state. There are some income tax issues if the property is investment property, in either situation, but they can be dealt with rather easily by using a competent accountant to prepare your Tax Returns. What is not so easy is dealing with out of state property when you pass away. This blog … (0 comments)
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In an era where state boundaries are no barrier to movement, and airplanes can whisk us off to remote places with relative ease, it is not unique to own property out of Massachusetts, or for people who are not domiciled in Massachusetts to continue to own property in this state. There are some income tax issues if the property is investment property, in either situation, but they can be dealt with rather easily by using a competent accountant to prepare your Tax Returns.
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