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Started By
Message
I was named in my grandparent's estate which is partial ownership....
Posted on 3/31/21 at 3:38 pm
Posted on 3/31/21 at 3:38 pm
in a small house in Newton TX, I live in NC. I was named along with my sister, Aunt and uncle. The house 'might' be worth 100k, but it I am yet to check it out in person and hasnt been taken care of in years.
Here are the issues:
- the county is close to putting it for auction (owe about 5k).
- GA and TX Medicaid have about 80k in bills due to my grandfather's nursing care. He died in July of 2018 and there are still no liens on the house (but they do send bills to my Aunt who is the executor).
-Due to the bills from medicaid nobody wants to pay the back taxes...that said, they would sign it over to me if I decide to pay the taxes.
- I spoke to an attorney and he claimed they 'may' not go after the house, but to find out I need to pay the back taxes and transfer to my name which would trigger their action.
Seems like an OK bet to pay enough in taxes to keep it from auction then rent it out and wait to see what happens.
Anyone have any experience with this? TIA
Here are the issues:
- the county is close to putting it for auction (owe about 5k).
- GA and TX Medicaid have about 80k in bills due to my grandfather's nursing care. He died in July of 2018 and there are still no liens on the house (but they do send bills to my Aunt who is the executor).
-Due to the bills from medicaid nobody wants to pay the back taxes...that said, they would sign it over to me if I decide to pay the taxes.
- I spoke to an attorney and he claimed they 'may' not go after the house, but to find out I need to pay the back taxes and transfer to my name which would trigger their action.
Seems like an OK bet to pay enough in taxes to keep it from auction then rent it out and wait to see what happens.
Anyone have any experience with this? TIA
16
Posted on 3/31/21 at 3:39 pm to geauxdroddz
Yes I have experience and talk to an attorney.
Posted on 3/31/21 at 3:40 pm to geauxdroddz
Sounds messy
Posted on 3/31/21 at 3:41 pm to geauxdroddz
quote:
GA and TX Medicaid have about 80k in bills due to my grandfather's nursing care. He died in July of 2018 and there are still no liens on the house (but they do send bills to my Aunt who is the executor).
Tell them to get fricked. They waited.
quote:
Due to the bills from medicaid nobody wants to pay the back taxes...that said, they would sign it over to me if I decide to pay the taxes.
Get it.
quote:
I spoke to an attorney and he claimed they 'may' not go after the house, but to find out I need to pay the back taxes and transfer to my name which would trigger their action.
That's not how it works.
Transfer it. Then close the estate before they file anything. In Louisiana, their time has come and gone. Confirm with attorney for texas.
This post was edited on 3/31/21 at 3:42 pm
Posted on 3/31/21 at 3:42 pm to geauxdroddz
Medicaid can come and get your property? This country is done.
Posted on 3/31/21 at 3:42 pm to geauxdroddz
get a lawyer
no matter how well you get along with your family, someone will feel shorted and raise hell
no matter how well you get along with your family, someone will feel shorted and raise hell
Posted on 3/31/21 at 3:43 pm to geauxdroddz
So you're talking about paying $5k to MAYBE get $15k or $95k.
First thing you should do is to do some research to see how aggressive Texas's HHS is in enforcing its Medicaid liens. Some states are much more aggressive than others.
I'm guessing that in the end you'll want to walk away.
First thing you should do is to do some research to see how aggressive Texas's HHS is in enforcing its Medicaid liens. Some states are much more aggressive than others.
I'm guessing that in the end you'll want to walk away.
This post was edited on 3/31/21 at 3:45 pm
Posted on 3/31/21 at 3:45 pm to geauxdroddz
You already have some risk that you’ve described. Throw endless eviction moratoriums on top and I wouldn’t touch it as a rental property.
Posted on 3/31/21 at 3:46 pm to geauxdroddz
quote:
Newton TX
quote:
population 2,478
quote:
'might' be worth 100k
If you can find someone to rent a $100k house and not destroy it. Don't think I'd want a rent house that far away from NC.
Posted on 3/31/21 at 3:47 pm to geauxdroddz
quote:
He died in July of 2018
Is probate still open on the estate? Why hasn't your aunt done anything to close it if so? Each state has a pretty specific timetable on how long creditors have to make a claim against an estate.
Posted on 3/31/21 at 3:47 pm to MMauler
quote:
I'm guessing that in the end you'll want to walk away.
I'm guessing the OP should 100% NOT take the advice of the OT on this. In real life, consult a professional. The $500 you invest in an initial opinion may or may not lead to an expenditure of $5,000 that could result in a profit of $95,000. Don't trust the OT on that.
Posted on 3/31/21 at 3:50 pm to geauxdroddz
quote:
then rent it out
I'm in a similar situation, we are just going to sell. WAY too much trouble to rent out and upkeep.
Selling makes me sick though, it's the homestead my moms family staked out over 100 years ago. But, I cant manage that property from here and it wouldn't rent for a lot considering the location.
Its a farm.
Posted on 3/31/21 at 3:52 pm to LSUcdro
quote:
no matter how well you get along with your family, someone will feel shorted and raise hell
Unfortunately this is 100% correct. Money, Estates, successions, money brings out the WORST repeat WORST of human nature and behavior. Good luck. Talk to a lawyer.
Posted on 3/31/21 at 3:53 pm to geauxdroddz
quote:
- I spoke to an attorney and he claimed they 'may' not go after the house, but to find out I need to pay the back taxes and transfer to my name which would trigger their action.
In MS, Medicaid usually doesn't come after the estate of the deceased. This will likely vary greatly state to state.
Posted on 3/31/21 at 3:54 pm to Demshoes
quote:
Money, Estates, successions, money brings out the WORST repeat WORST of human nature and behavior.
My siblings and I are in agreement on everything. It's been amazing.
We gave my moms new car to my sister, and she paid us for our share anyway.
She's also handling much of the legal stuff, so we voted to give her a bigger share of the property sale, even though she will fight it.
Posted on 3/31/21 at 3:56 pm to geauxdroddz
Usually folks ask the OT THEN talk to an attorney. Shouldn't the attorney have answered your questions? If not him, he should've recommended another attorney who could.
Posted on 3/31/21 at 3:56 pm to LSUcdro
quote:
get a lawyer
might end up more costly than what house is worth.
Posted on 3/31/21 at 3:56 pm to geauxdroddz
You need a Texas estate attorney asap, don't make any decisions before talking to one. From my experience, the retainer will be $5,000.00 to start the succession due to the complexities.
I am with the legal opinion you have already received and doubt Medicade will come after the house.
You don't want to rent anything in Newton Tx.
I am with the legal opinion you have already received and doubt Medicade will come after the house.
You don't want to rent anything in Newton Tx.
Posted on 3/31/21 at 3:56 pm to GardenDistrictTiger
quote:
Medicaid can come and get your property? This country is done.
Good.
Otherwise that just goes right back to the tax payer.
Posted on 3/31/21 at 3:56 pm to geauxdroddz
Newton County appraisal district sucks. Expect them to find more back taxes after you pay the 5k. I dealt with them for 10 years on a piece of property I owned there. There's not much in Newton. I'm not sure there is a 100k dollar place in Newton unless it comes with 40 acres.
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