How Are Tax Benefits Effected By Reserved Life Estates?

[pxa]

Recently, my mother and father transfered their house to me, (only living son), with a reserved life estate. (New York)
At the time, they were receiving senior citizens discount on the real estate taxes, as well as, a veteran's discount because Dad was a WWII veteran. With Dad now recently passed and Mom still living are these discounts still allowed under the reserved life estate??
Also, who's income tax should the house be filed under, Mom's or mine??
If anyone can help I would appreciate it!

[4eyedbuzzard]

Life tenants are responsible for paying property taxes. As such, your mom would be entitled to any federal or state income tax deduction for property taxes paid. She should also be entitled to the senior citizen and veteran's exemption.

http://www.ischneiderlaw.com/LifeEstate.shtml

http://www.veterans.state.ny.us/faq/...by%20veterans?

[pxa]

Thanks! Appreciate the help!

[lwpat]

There is probably a gift tax on the transfer and it will also make them ineligible for Medicaid for the next five years.