Inheriting a House on Long Island the Next Step
By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
Inheriting a House: Navigating Emotional and Practical Challenges Inheriting a family home can be emotionally and practically challenging. As baby boomers age, their children often face difficult decisions about selling or keeping the property. The situation can be further complicated when multiple siblings are involved, often leading to friction and heightened emotions. The attachment to a family home, filled with memories and history, makes the thought of selling a difficult decision for many. Practical Considerations Taxes and Costs: Owning a house involves expenses like taxes, insurance, and maintenance. These costs often lead heirs to sell the property. Decision Making: Effective communication among heirs is crucial. Consulting with an attorney and tax professional is essential ...
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