Dear Pay Dirt: We can afford to tip generously.
I’m in my late 30s, rent a stupidly affordable place in a town where rents are skyrocketing. A close family member died today and I’m likely going to inherit his house in my town. I’m one of those people who needs to focus on planning and the next steps to get through tragedy, so I hope I don’t sound callous by asking these questions.I’m getting the house because I promised to take care of his beloved pets. I’d hoped that would be an idle promise for a long time to come, but here we are.
Do your own search on your state property liens database. Part of the executor’s job is to determine if the estate has enough income to pay off any outstanding debts. Your late family member may have made other provisions for the pets in their will, such as setting aside money for their care.Once you know how much equity is in the home, you need to get details on the notice of condemnation from the city. This usually goes to the property owner but will transfer to their estate upon death.
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