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    #16
    My thoughts only

    Originally posted by Black Bart
    Sorry, but you lost me there or something. I understand that you're saying the kids can't use the 121 exclusion, but are you also saying that the "implied" life estate you mentioned in the previous post is not valid after all? Thanks.
    The implied life estate would be applicable if Mom died. Mom did not die and the gift to the children(the house) was sold. Again, I have not done any research to support my answer.
    http://www.viagrabelgiquefr.com/

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