My father has paid the bills and taxes on it since the late 1970s.
He passed in 2017, and now this land was passed to me to pay taxes on.
My grandmother passed it to my father and then my father passed it to me.
I am thinking of selling the land.
I am the only one on the tax deed.
Do I need to pay my family if I sell?
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The second question is easy to answer based on the information youve shared.
If youre the only person on the tax deed of the property, youre the sole owner.
So you get your share plus recover what youve paid into taxes.
That lets you all benefit from the land equally without leaving you footing the bill.
Was this a coincidence of birth order?
Was your father better equipped than his siblings to handle the propertys financial needs?
How does your financial situation compare to that of your cousins and siblings?
Have you benefited from having the property on your balance sheet over the years (i.e.
in loan considerations or your credit score)?
Dana Miranda is a Certified Educator in Personal Finance, author, speaker and personal finance journalist.
We can’t personalize articles for our readers, so your situation may vary from the one discussed here.
