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HEIRS CHALLENGE PROPERTY SALE
In 1999, a Texas family lost its mineral rights in a tax foreclosure; 20 years later, heirs challenged the sale, what did the state Supreme Court say?In April 2024, the Supreme Court of Texas considered a dispute. It involved mineral interests that were sold at a tax auction in 1999. It w...- In 2003, Microsoft co-founder Bill Gates paid $1.31 million for a home beside his Washington estate; 21 years later, he sold it for $4.85 million, nearly 4 times as muchBill Gates sold a mid-century modern home in Medina for $4.85 million recently. The house was purchased by him in 2003 for $1.31 million, d...
- In 2012, Maroon 5 singer Adam Levine paid $4.83 million for a Beverly Hills home; 6 years later, he sold it to John Mayer for $13.4 million, nearly 3 times as muchIn 2012, Adam Levine acquired a charming 1940 ranch-style home in Beverly Crest for $4.83 million. With modern renovations that enhanced th...
- In 2020, Bethenny Frankel paid $2.1 million for a Connecticut home, renovated it, and sold it in 2021 for $3.3 million, a $1.2 million gross increaseBethenny Frankel acquired a charming yet outdated Colonial residence in Connecticut and initiated substantial renovations to give it a cont...
- Your inherited home is not a money machine: What Indian heirs must know
- Sister’s husband claimed he got his father-in-law's land via oral gift and sold it but her brothers objected; Madras HC rules in brothers' favour for this reasonSister’s husband’s family sold her father’s 36 cents land claiming he had got the land via oral gift; Madras HC rules this oral gift invali...
- In 2021, a Pennsylvania woman's property was auctioned over a $7,771 tax bill; she claimed she was told the notice concerned a trailer, but court rejected her appealThe tax bureau had sent her a certified letter about the unpaid taxes in April 2020. In that same year, it sent her another notice by certi...
- LeBron James sells his Brentwood mansion for $19.6 million. Why NBA star decide to sell at a loss?LeBron James sold his Brentwood mansion for $19.6 million, which was less than the $21 million purchase price. The mansion included six bed...
- Taylor Swift’s former Beverly Hills bungalow 'Pillsbury Estate' up for grabs for $8 millionTaylor Swift's former Beverly Hills home has returned to the market. The singer's former bungalow is known as the Pillsbury Estate. It has ...
- In 2018, a $6,123 tax debt put a New Orleans property in play; a $6,883 tax-sale bid led to a legal battle over ownershipJames M. Thorrick, on September 20, 2004, bought the property at 739-741 Montegut Street. According to the court records, he failed to pay ...
- Cash landing on you: Litigation funders bet on inheritance battles over croresLitigation funding has emerged as a viable option for individuals involved in inheritance disputes in India. Firms are assessing the potent...
- In 1969, J. David Bamberger bought 3,000 acres of damaged Texas ranchland; 50 years later, 11 springs flowed and 221 bird species thrived thereBamberger wanted to do something different with his massive wealth. He made his fortune as a co-founder of Church's Fried Chicken reportedl...
- ₹1.70 crore undisclosed cash alleged in property sale, Income Tax Dept relies on WhatsApp chats and Excel sheets; here's why taxpayer wins at ITAT DelhiThe Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Depart...
- In 2024, a US court ruled on an ownership dispute involving two properties sold for $10,200 after a tax-deed transfer; here's what happenedIn a decision in Thomas DeCola v. Matt H. and Anne L. Sheafer, the appeals court rejected Thomas DeCola's arguments. It stated that the tax...
- Jennifer Lawrence bought Manhattan penthouse for $15.6 million in 2016. Four year later, the actor sold Upper East Side property for just $9.9 millionJennifer Lawrence bought a Manhattan penthouse for $15.6 million and sold it for $9.9 million in 2020. The residence has 4,072 square feet ...
- Puravankara Q2 sales bookings surge 62% to Rs 2,136 crore on housing demandIn the September quarter, Puravankara Ltd reported a remarkable surge in sales bookings, hitting Rs 2,136 crore, a jump from Rs 1,322 crore...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- Daughter-in-law claimed right to ‘shared household’; senior citizen sought eviction: Here’s what Delhi HC ruledThe Delhi High Court recently upheld an eviction ruling that affects a daughter-in-law, amidst a nuanced legal struggle that weighs the int...
- Sisters demanded 1/3 share in parents’ lands, citing Hindu Succession Law, but brother won the case in Madras HC; know whyBrother cuts sisters from parents lands & wins case: Sisters wanted to apply Hindu law of succession and get 1/3rd share in parents’ lands,...
- Inherited property tax explained: Know how the US 1031 exchange works and what are the rules for co-inheritors?In simple terms, in the United States, a provision known as a 1031 exchange may offer a way for an heir to exchange qualifying investment r...
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