Inherited houses come to people for various reasons, the most common one being as part of a gift after death. While it may seem excellent that your aunt, grandparent or friend thought of you when leaving their property, there are some things to consider when you think about selling. There are tax consequences that you
When a loved one passes, it is always a sad time. Material possessions are the last thing on your mind. However, if the deceased has provided for you in his or her will and has passed on a house or other kind of real estate property, it’s definitely time to start considering just what you
Selling a home always has the potential to be difficult. You’ve built up memories in your property, and there is an emotional attachment to the house. However, when you are selling an inherited house, these emotional ties could be even stronger. You might inherit the home in which you grew up, and the idea of
When you inherit a house, you have several different options regarding what you can do with the property. You can keep the home and live in it, or you can keep the home and use it as a rental property or even a vacation property if you like. However, you may find that the best
You just got some bittersweet news – a close relative has passed away, and they decided to leave you their home in their Will. Whether it’s a parent, a grandparent, or even a beloved aunt or an uncle, their house is now legally yours – but what in the world are you supposed to do
When someone passes away, all of their property and their assets – including real estate – goes through a specific process in order to determine who inherits it. In the state of Texas, the estate of the deceased goes through a specialized Probate Court, regardless if the deceased had a Will or not. Here’s what