- Joined
- Jun 6, 2005
- Messages
- 9,631
- Reaction score
- 4,765
- Points
- 649
my aunt passed away, estate is settled except for a piece of property that is close to worthless. When I say the estate is settled, there was very little to settle, an account that named me and my sisters as beneficiaries, so no probate.
I listed the property with a real estate agent before she died, and now a year later have an offer for $750, but the closing costs bring up the amount I need to break even to $1600. Part of this is because the county sent the tax bill to the wrong address, it took me years to track it down, and the county refused to change the address without me going through a lot of legal procedures. They told me they couldn't change the address on just anyone's say so, but refuse to explain where they came up with the address they have on record. the taxes were $34 a year, so penalties make up most of the $780 owing in delinquent taxes.
Now to sell this lot even at a break even amount (which is twice the amount offered) I need to go through procedures to have the lot transferred to my name in order to transfer ownership to the buyer.
We would like to refuse the inheritance for me and my sisters of this piece of property and let the county have it for back taxes. This is a piece of property in the middle of the desert with no roads to it, no utilities, etc. My aunt bought it for $5000 in 1960.
I often see mention of refusing an inheritance when it comes to inheriting timeshares. Can we refuse this piece of property and what do i do? Send a death certificate to the county and tell them noone wants it?
I listed the property with a real estate agent before she died, and now a year later have an offer for $750, but the closing costs bring up the amount I need to break even to $1600. Part of this is because the county sent the tax bill to the wrong address, it took me years to track it down, and the county refused to change the address without me going through a lot of legal procedures. They told me they couldn't change the address on just anyone's say so, but refuse to explain where they came up with the address they have on record. the taxes were $34 a year, so penalties make up most of the $780 owing in delinquent taxes.
Now to sell this lot even at a break even amount (which is twice the amount offered) I need to go through procedures to have the lot transferred to my name in order to transfer ownership to the buyer.
We would like to refuse the inheritance for me and my sisters of this piece of property and let the county have it for back taxes. This is a piece of property in the middle of the desert with no roads to it, no utilities, etc. My aunt bought it for $5000 in 1960.
I often see mention of refusing an inheritance when it comes to inheriting timeshares. Can we refuse this piece of property and what do i do? Send a death certificate to the county and tell them noone wants it?