You Inherited a House

What to Do About the Property, the Mortgage, the Taxes, and Your Siblings When a Parent Dies

von Nathan Early

156 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

A parent has died and there is a house. Nobody has told you what happens next.This is a working manual for the months after. It starts with the first thirty days: what you actually own right now (usually less than you think), how the house passes to you under a will, without one, through a trust, or by a transfer-on-death deed, how to keep an empty house insured and secure, and how to find every claim against it before you decide anything.Then it covers the money attached to the house. The regular mortgage, and the federal law that lets a relative keep a parent's low rate. The reverse mortgage, with its six-month clock and the 95 percent rule. Property tax reassessment, liens, and Medicaid estate recovery. Stepped-up basis and the taxes heirs owe and do not owe.The decision itself, sell, keep, or rent, gets a chapter each, with the numbers laid out. Co-heirs get a chapter on buyouts, the sibling who lives there, and what partition actually does. Four playbooks walk sole heirs, siblings, executors, and out-of-state heirs through the sequence step by step. Six composite case files show how it plays out.Tools include a first-30-days checklist, a document locator, sell/keep/rent and buyout worksheets, a successor-in-interest letter template, a glossary, a state directory, and sources. Federal rules are cited to the statute or regulation. Figures are ranges with year and source type. U.S. only. Not legal or tax advice.

• Reihe: Independently published
• ISBN: 9798174345669
• Sprache: Englisch
• Erscheinungsdatum: 14.09.2026
• Größe: 229 x 152 mm
• Verlag: Independently published