Lost homestead deduction on joint property

  • Lost homestead deduction on joint property

    A daughter lived with her mother in property they owned together as joint tenants.  When the mother died, daughter didn’t probate the property.  Ten years later, the appraiser’s office has disallowed half of the homestead deduction on the house and the property taxes were duly increased.  Now she needs to probate the property to get her full deduction.  The moral of the story – speak with a probate attorney when someone dies in your family and make sure that the assets are properly dealt with.

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