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Hi my mother past away 20 yrs ago. I live in NJ. She had a will that was filed with the Court. I am the executor of her will. I am in the process of selling her mobile home to which my siblings and I are heirs. Will i have to get open a checking acct under her Estate? Will there be an inheritance tax involved? any help would be appreciated. Thank you.

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yes the will was probated thank you
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Good heavens, hopefully you had your Mom's Will probated 20 years ago.... otherwise any taxes that were owed would be compounded with interest over the past two decades.

If the Will was probated 20 years ago, ownership of the home has already gone to the heirs. You subtract the value of the home back when the heirs received it from what the home is worth today, minus any current repairs, minus the cost of a Realtor [if any], and other fees. If there is a profit, then each heir will pay part of the capital gains taxes owed. I would highly recommend you talk with an estate attorney/accountant regarding any taxes owed.
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Twenty years is a bit late. See an estate attorney, because you are waaaaay past the estate probate limits.
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