Timeline for What can my relatives do to minimize their out of pocket expenses on their fathers estate
Current License: CC BY-SA 3.0
17 events
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| Apr 13, 2017 at 12:25 | history | edited | CommunityBot |
replaced http://money.stackexchange.com/ with https://money.stackexchange.com/
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| Jan 12, 2017 at 21:43 | answer | added | Harper - Reinstate Monica | timeline score: 1 | |
| Jan 12, 2017 at 20:19 | answer | added | David Cloutman | timeline score: 1 | |
| Jan 12, 2017 at 11:13 | comment | added | Lilienthal | Surely the only question that is actually answerable here is that in the last sentence while the entire situation surrounding it is something to talk to a lawyer or accountant about? Both aspects are interesting but as the top-voted answer shows this is likely lawyer territory and I'm not seeing any answers or focus on how to minimise running costs on an idle property. | |
| Jan 11, 2017 at 19:07 | comment | added | mkennedy | Pennsylvania has inheritance taxes, so that's something else to look into. | |
| Jan 11, 2017 at 18:25 | history | edited | user24155 | CC BY-SA 3.0 |
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| Jan 11, 2017 at 18:18 | vote | accept | CommunityBot | ||
| Jan 11, 2017 at 18:06 | comment | added | Joe | I'm a bit curious about the mortgage continuing: I had always thought that mortgages are not transferable on death and instead become due. | |
| Jan 11, 2017 at 18:05 | comment | added | Richard Peterson | In English law, the executors must not do anything which might be construed as mismanagement of the estate's assets (eg abandon the house if it has net value). If this is true in the relevant US state, be sure to consult a lawyer! | |
| Jan 11, 2017 at 15:56 | comment | added | Agent_L | Be super careful before even claiming it. Weight all costs and benefits carefully, because with the tenant clause, disclaiming (refusing to accept the inheritance altogether) could be actually a good option. | |
| Jan 11, 2017 at 15:33 | history | tweeted | twitter.com/StackFinance/status/819205714673618944 | ||
| Jan 11, 2017 at 14:24 | comment | added | Magisch | You should definitely get a lawyer and sue for discovery of these documents the other aunt removed. You may need those to do anything with the estate at all. | |
| Jan 11, 2017 at 10:01 | comment | added | user11599 | Just in case it hasn't been mentioned, what your father-in-law created could be a Life Estate, lots of information on these online. In fact, as long as the house is kept up, your aunt can even rent it out. On the other hand, you get to call yourself 'remainderman', which sounds like a comic book hero... | |
| Jan 11, 2017 at 8:25 | answer | added | Brythan | timeline score: 69 | |
| Jan 11, 2017 at 7:26 | comment | added | Brythan | You might want to split the second question off into its own question, linking back to here (and edit this question to link to there). That's very narrow and answerable, but I don't know that someone interested in your title question is necessarily the right person to answer it. | |
| Jan 11, 2017 at 6:08 | history | edited | user24155 | CC BY-SA 3.0 |
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| Jan 11, 2017 at 6:02 | history | asked | user24155 | CC BY-SA 3.0 |