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With average inheritance sums landing at just under $100,000, according to a 2014 BMO InvestorLine study, that amount of cash is life-changing for many. But these days, it might be just enough to.

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  • Facing foreclosure? Tired of dealing with tenants? Behind on property taxes? Unwanted rental or inherited property? Need to downsize and can’t find a cash buyer? We’ll take it. Taking Over Another Sibling’s Heir. There must be a document signed by both siblings and the grant of probate for the inherited property to continue in the family’s possession even when one. Sell the house, pay off the mortgage, and keep the remaining funds. Keep the house and pay off the mortgage immediately using other assets. Keep the house and assume the mortgage in your own name. Keep the house and continue to pay on the existing mortgage. Walk away from the house and allow it to go into foreclosure. Like the title says, my Great Uncle is paying off his house next month which i will eventually inherit when he passes. The house sits on about Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Search within r/personalfinance. r/personalfinance. Log In Sign Up. User account menu. Found the internet! 2. Inheriting a paid. .

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    The executor (sometimes referred to as executrix for females) is responsible for managing the affairs of and settling the estate, including initiating court procedures and filing the deceased's final tax returns. The trustee acts as the legal owner of trust assets, and is responsible for handling any of the assets held in trust, tax filings for.