My mom passed away this year w no will. She owned a condo that is upside down by about $20,000.
She also owes condo association about $15,000. She also owes IRS about $10,000. My brother and I are only heirs and are being told that we should deed the property to the condo association so we and our heirs would not be responsible for property any more. Is this the correct process to do ? The condo is in Florida . Can my brother and I have any tax consequences on this process? Appreciate any advice thanks
