There are a lot of things to think about after you inherit a house. If someone dies and you get their house, there can be a lot of emotion that goes with that. It can be a real burden because you do not know what to do with it. The first thing you need to look into is getting the house inspected. Also, if more than one person has been left the house, you should talk to them.
Key Takeaways:
- It can be a pain in the butt and you want to make sure it’s dealt with very efficiently, because if you’re not efficient with your decisions you have costs accruing on the home – property taxes, insurance, a mortgage, homeowners’ association fees.
- Hire a good tax attorney specializing in estate tax law to help with the complex paperwork. They can help you clear the property title and get the house transferred to your name.
- Come to a consensus with everybody who has a stake in the house. The property may be left to multiple siblings (or other relatives) to split.
“Hire a good tax attorney specializing in estate tax law to help with the complex paperwork. They can help you clear the property title and get the house transferred to your name.”
https://www.sparefoot.com/self-storage/blog/16845-what-to-do-if-you-inherit-a-house/