My dad passed away about a month ago. He left his home to my two sisters.
The Homestead is over in my dad's name. One sister who lives in Florida already owns a home and the other one is in CA and does not want anything to do with this house.
Will the taxes rise in the future, if the house is not sold?
Answer
If you lose the Homestead Exemption, taxes will rise.
Answer
You will have a rise in taxes due to the expiration of the homestead exemption. The transfer of the property to your sisters , if the property was in dad's name alone, requires a probate estate to be opened. Seek some legal guidance.
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