My siblings currently live in apartments on the property.
They are several years in arrears for rent they owe and do not maintain the property.
Unfortunately, my mom didnt remove my name.
She now has a cognitive impairment that prevents her from doing so.
By doing so, youre simply refusing to accept your stake in the property that she bequeathed to you.
Disclaiming an inheritance isnt that unusual.
Wealthy people sometimes disclaim an inheritance to reduce the size of their taxable estate.
In fact, you dont need to provide any reason for disclaiming.
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That way, at least theyll know upfront that theyll be on their own for taxes and long-deferred maintenance.
They can also plan accordingly in case inheriting a larger share than they expected jeopardizes any assistance they receive.
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When your mom dies, youll have to disclaim the property in writing within nine months.
Once youve disclaimed the property, you wont be able to direct what happens to your share.
That doesnt sound like an issue since its pretty clear you know this is the right decision.
Because the rules can get complex, Id suggest consulting with an estate planning attorney when your mother dies.
Inheritances can be the source of major family tension.
Fortunately, it sounds like you’re able to avoid any drama by walking away from your stake.
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