Inheriting Real Estate Can be Tricky.
Estate planning can save money and time and also ease the property transfer process.
An excellent way to begin is performing a “marketability analysis” to identify needed repairs, or improvements.
Occasionally updates and repairs are left as responsibilities to the heirs. This review can bring to light what should be done to increase the equity in the property, and lessen the responsibility of the heirs. TrueLife Real Estate Solutions is not a law firm and cannot provide legal advice on your property transfer strategy.
However, we can guide you to estate lawyers who can create a property transfer plan.
We can then serve as the real estate firm that sells the property and distributes the net proceeds according to your plan.