Inheritance tips

Inheritance Tips
1. If you inherit a property and plan to put it on the market, make sure all the paperwork is completed correctly before listing it for sale.
2. If someone transfers a property to their name after a family member’s passing, they shouldn’t assume they’re safe from potential claims by others who may have an interest in the property. Interested parties can consult an attorney and may be able to force a sale if they are entitled to a share.
3. Avoid dividing your property into separate parcels for each child. Instead, keep it as one property and specify in your will that it should be equally divided among your children after it’s sold. This can prevent many complications.
And as always, consult an attorney for guidance.
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