When inheriting a house…

An excellent article on issues to consider when inheriting a house.

  • Keep, rent or sell: Competing interest among siblings may settle this one quickly: sell
  • Property investment: If there are siblings, is this going to work in the longterm?
  • Renovate/repair: If selling or renting, how much improvement is necessary?
  • Furnishings; An older home is likely to come with older furniture. How is this to be dealt with?

These are all questions that the executor must consider when a home is inherited.

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