Inherited Property

Inheriting a property in Massachusetts can be both a blessing and a challenge. Whether it’s due to emotional attachment, financial considerations, or simply wanting to avoid the [...]

Selling Your Inherited Property in Massachusetts: A Cash Buyer Can Help Inheriting a property can be a life-changing event, filled with both joy and complexity. While receiving a house can be a [...]

Although there is a limit as to how much of a loss you can claim each year, in general, selling inherited property at a loss counts as a capital loss on Line 13 of your annual 1040. Heirs in [...]

New Hampshire and Massachusetts are both equitable division states. So, upon divorce, the court pools all marital property together and divides it equitably. Note that an “equitable” division is [...]

Many times, when a loved one dies and leaves real property behind, the family has made property disposition arrangements in advance, especially if another family member is still living in the [...]

Many times, selling inherited real property is in everyone’s best interests, but there are always exceptions. Here are two of the more common ones that we see: Dad lived alone in failing health, [...]

When a loved one dies, everyone goes through the same five stages of grief. However, not everyone goes through these stages at the same speed, since recovery may take a couple of weeks or it may [...]

Many people are confused about their obligations and options in these cases. First and foremost, the mortgage is still due. Repayment obligation does not terminate with the death of the original [...]

All property, for example inherited home, has both economic and non-economic value. In many instances, the former vastly outweighs the latter, because very few people have an emotional bond with [...]

At the risk of giving our loyal readers too many numbers to deal with too soon, there are basically three steps in selling inherited property, but only two of them are financial. Step one is to [...]