MarketWatch
Inheriting a house? Read this before you make any rash decisions
Beneficiaries must juggle many considerations when they inherit a home, especially if they’re sharing that gift with siblings or others. There are tax implications whether they keep or sell the home, emotional attachments to the house and the items within the house, as well as other potential estate planning issues. In some cases, the property can become a source of rental income, whereas in other situations, it could be another source of cash after it’s sold — especially when the real-estate market is doing well.
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