What You Need To Know About Inheriting A House
Posted by Larry Tollen on
You have inherited a house from your parents or some other elderly relative. So now what do you do? The ultimate answer will depend on a number of factors such as whether you are the sole inheritor, if the home is nearby, the wishes and needs of your spouse or children, and your current financial situation. But you really have three options. You can live in the home, rent it out, or sell it.
Do you need to go through probate?
If received title to the house from the executor, you don’t have to worry about probate. That has already been handled by the executor. If you are the executor, then you will have to check out probate. If the home is located in North Carolina, the house will have to go through probate unless it is owned jointly with rights…
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as the fuel for the furnace. This heating oil was usually stored in underground storage tanks (USTs) near the homes. Oil trucks would come to the homes and top off the USTs periodically during the winter months.
Located just 25 miles south of the Virginia border sits the Bull City; Durham North Carolina. Although small in land mass, Durham is the fourth largest city in state. It has big-city amenities even though it has a small-town feel. Durham is a racially diverse city. Of the approximately 252,000 residents, about 42% are white, 40% are black and the rest are other races.
Ask anyone from the Raleigh-Durham area and they’ll be happy to tell you what they love about living here, but a new survey has just been released that confirms what many living here already know: that the Raleigh-Durham area is one of the best places in the entire nation to live. In fact, it has officially been voted as the 4th Best Place To Live in the U.S., according to U.S. News & World Report.
The Town of Cary is a community of more than 155,000 residents. Located between Raleigh and Research Triangle Park, the town is conveniently located, with Raleigh, Durham, Chapel Hill, and the Raleigh Durham airport all nearby. Duke University and UNC Chapel Hill are less than 20 minutes away.
has grown steadily during the past 60 years to a population of over 20,000 due to its proximity to the University of North Carolina and the growth of area businesses. The residents are primarily white-collar workers. Most of the residents are professionals, managers, service providers, scientists, and teachers.
The Town of Cary is a community of more than 155,000 residents. Situated between Raleigh and Research Triangle Park, the town is conveniently located, with Raleigh, Durham, Chapel Hill, and the Raleigh Durham airport all nearby. Duke University and UNC Chapel Hill are less than 20 minutes away.