West Virginia Private Party Property Oral Agreement? My grandfather just passed away and my grandmother is in a nursing home (severe dementia). My dad and aunts are working to sell their Charleston, WV home. 20 or so years ago, my now deceased grandfather's neighbor gave him a slice of land between their properties to build a driveway on (obviously never expecting to get that land back, as it goes up to my grandparents' house and the neighbors would have no use for the land, as it is up on a hi

Roy is correct about the law of adverse possession. If your grandparents were using the property openly and treating it as their own for a period of seven consecutive years (WV Code 55-4-16) and the neighbor neither made any attempt to stop them, nor filed a document (say in the county clerk's office) saying that he had granted a revocable right-of-way which attached not to the property but was given to the property owners at that particular time, then the new owner's demand for money is probably spurious.Forget about the oral agreement. With everybody deceased or not in their right mind (your grandmother in the nursing home), it's not worth the paper it's written on. However, since all you have is an oral agreement, and you have no proof, you may have to go hire a lawyer and go to court to claim your adverse possession rights. Then this would all be a question of fact for the jury. It may be that the new owners can bring witnesses who say that all that was granted was a right-of-way, and that it is jointly owned. You may have witnesses to the original oral agreement between your grandfather and the previous owner. Regardless, the new owner can attach a $10,000 lien to your property if you just ignore this or keep telling him that he is wrong. So you might want to seek an attorney's advice to see what your options are.

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All right my parents home is worth 1 million dollars in California when they pass what taxes will I pay the possum Haas basis go to the market value after this was written a slightly different if it was kind of like hey my parents are all like I could tell it was from one of the kid all right what happens to the basis of a capital asset when a spouse passes or when somebody passes it steps up in California security primary state, so it steps up to pet market value to date the first spouse passes second spouse passes and steps up the remaining portion to the fair market value at the time of death on date of death so what taxes will I hey well you're not going to have to pay anything on the inheritance you're not going to have to pay anything on the actual step up and if you sell it you wouldn't pay any tax other than the transfer taxes the cost basis goes to fair market value, so it's like a pretty big win when that stuff happens now where it's not such a big win is when so many passes

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West Virginia Private Party Property Oral Agreement? My grandfather just passed away and my grandmother is in a nursing home (severe dementia). My dad and aunts are working to sell their Charleston, WV home. 20 or so years ago, my now deceased grandfather's neighbor gave him a slice of land between their properties to build a driveway on (obviously never expecting to get that land back, as it goes up to my grandparents' house and the neighbors would have no use for the land, as it is up on a hi
Roy is correct about the law of adverse possession. If your grandparents were using the property openly and treating it as their own for a period of seven consecutive years (WV Code 55-4-16) and the neighbor neither made any attempt to stop them, nor filed a document (say in the county clerk's office) saying that he had granted a revocable right-of-way which attached not to the property but was given to the property owners at that particular time, then the new owner's demand for money is probably spurious.Forget about the oral agreement. With everybody deceased or not in their right mind (your grandmother in the nursing home), it's not worth the paper it's written on. However, since all you have is an oral agreement, and you have no proof, you may have to go hire a lawyer and go to court to claim your adverse possession rights. Then this would all be a question of fact for the jury. It may be that the new owners can bring witnesses who say that all that was granted was a right-of-way, and that it is jointly owned. You may have witnesses to the original oral agreement between your grandfather and the previous owner. Regardless, the new owner can attach a $10,000 lien to your property if you just ignore this or keep telling him that he is wrong. So you might want to seek an attorney's advice to see what your options are.

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