<p>I was curious to see if my brother in law actually tried to appeal/get my mothers property taxes reduced, as he apparently said that he tried.
( He handles all her finances, even though she doesn’t trust him, don’t ask me why)</p>
<p>I knew that as public domain it would be online.
I was startled to find that a revokable trust in my mothers name had recently purchased title to her property ( for $10), and that my brother in law was both the grantee ( or agent) and the grantor ( or agent).
I had never heard of such a thing, in my admittedly limited experience ( wills are not my thing).</p>
<p>What would be the advantage of that? It doesn’t appear to have reduced the valuation of her property, and since she has a line of credit secured by her mortgage, I really doubt she will have anything to speak of to leave anyone after her debts are paid in the event of her death, since she spends as much money for herself, as we do for three.</p>
<p>My BIL also had been given a large down payment for his own house upon his marriage by *his *mother, and apparently she was on the title, until recently when she signed a quit claim deed over to him for $1.
So apparently he thinks there is some advantage.</p>
<p>I don’t know what affect that has on anything either, all it sounds like to me is more paperwork.</p>
<p>However- as the money my( maternal) grandmother left , is what my mother has been living on for at least 10 years, and my grandmother would roll over in her grave if she thought my brother in law would ever get any of it ( he had already talked her into several bad investments before she wised up), I was wondering if this is pretty accepted practice to streamline probate or is my BIL just being tricksy?</p>
<p>( My mother originally had myself as her executrix until my sister found out and pitched a fit, so my mom assigned my BIL- since he went to college and everything.) plus hes a boy :rolleyes:</p>