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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 2:25 pm to fareplay
Posted on 5/7/24 at 2:25 pm to fareplay
Depends on the state and whether or not heirs act upon succession but the short story would be whatever is not acted upon by heirs or family would become state property.
You don't have to inherit it. Just don't act on succession. Leave the contents inside, notify the state you do not wish to act up succession and they can have it.
quote:
My thought process is that kids will inherit homes that they can’t pay the tax based
You don't have to inherit it. Just don't act on succession. Leave the contents inside, notify the state you do not wish to act up succession and they can have it.
quote:This is also "misleading". By the year 2030 we will have more people over the age of 65 then under the age of 18 for the first time in our nations history.
Great majority of boomers are likely to die in next 5-10 years
This post was edited on 5/7/24 at 2:46 pm
3
Posted on 5/7/24 at 2:26 pm to LSUfan4444
And probably advantageous for the state to liquidate since managing the property is costly. Maybe us younger gen ain’t super fricked soon
Posted on 5/7/24 at 2:40 pm to LSUfan4444
quote:
quote:
My thought process is that kids will inherit homes that they can’t pay the tax based
You don't have to inherit it. Just don't act on succession. Leave the contents inside, notify the state you do not wish to act up succession and they can have it.
Why would you want to do that?
Posted on 5/7/24 at 6:55 pm to LSUfan4444
quote:
This is also "misleading". By the year 2030 we will have more people over the age of 65 then under the age of 18 for the first time in our nations history.
Don’t worry…our border is open!
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