Friday, July 11, 2014

When inheriting real estate, am I responsible for the expenses (taxes and maintenance fees) as of date of death, or as of date of transfer o...

Question

When inheriting real estate, am I responsible for the expenses (taxes and maintenance fees) as of date of death, or as of date of transfer of deed?



Answer

If you accept the inheritance, you accept its liabilities, unless the will states something differently. Read the will.



Answer

You may be responsible from the date of death. The Estate may be responsible for the carrying charges from date of death to transfer as well. Have someone review the will and discuss all the specifics with you.



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