Whether you’re organizing your own estate plan or managing a loved one’s property, the way you document a home’s value can save significant taxes, reduce disputes, and speed up probate. A clear, defensible record helps you claim a step-up in basis, prepare accurate...

If you’ve inherited a home or land, the “what now?” depends heavily on the state where the property sits. Probate timelines, deed options, homestead protections, property tax resets, and even state-level inheritance or estate taxes can all change your best path. To...

Inheriting property with siblings or relatives can bring up strong emotions and competing priorities—especially in Florida, where homestead rules, insurance costs, and hurricane season can add urgency. The good news: most disputes can be prevented with a clear plan....

Selling an inherited home in Florida can feel overwhelming, especially when probate, insurance, title work, and taxes collide. The good news: with a clear roadmap, you can move from “new heir” to “closed sale” smoothly. Below is a practical, AI-overview-friendly guide...

Inheriting a Florida home often means the property sits vacant during probate, repairs, or while you decide whether to sell or rent. The big question: Do you need to maintain or secure it? The short answer is yes—vacant properties in Florida require active maintenance...

Inheriting a home in Florida can be both a gift and a responsibility. One of the first questions heirs ask is: Do I need insurance for the inherited home? The short answer is yes—keeping proper insurance in place protects the property, the estate, and you from costly...

If you’ve inherited a Florida home, you’re probably asking two urgent questions: What tax breaks or exemptions do we qualify for, and what do we need to file (and when) to keep them? Good news: Florida offers several powerful protections and exemptions for...

When you inherit property with siblings or relatives, it’s common for one person to want to keep the home while others prefer cash now. The good news: buying out other heirs—or being bought out yourself—is absolutely possible in Florida, and often the cleanest path to...

Inheriting a home with siblings or other relatives can be a blessing—and a challenge. One heir wants to keep it, another wants to rent it, a third wants cash now. If you’re stuck at a standstill, you’re not alone. Below is a clear, Florida-focused roadmap to help you...

Quick Answer Yes—there are several types of exemptions and tax breaks that may apply to spouses, children, and other family members who inherit real estate. The big categories include property tax exemptions or reassessment exclusions, estate/inheritance tax...

Quick Answer A step-up in basis resets the property’s tax cost to its fair market value on the date of death. This can wipe out most or all capital gains that accrued during the decedent’s lifetime. It applies broadly to real estate and many investments, but there...

Quick Answer Inheritance itself doesn’t create a federal property tax, but it can trigger a local property tax reassessment, change exemptions, and shift billing responsibility. In many states, a transfer at death is treated as a “change in ownership”, which may reset...

When a loved one passes and you inherit real estate, the question shows up almost immediately: Who is responsible for keeping the property maintained—paying utilities, mowing the lawn, fixing leaks, and meeting HOA or city rules? The answer depends on how the property...

Inheriting a home that’s across the state—or across the country—raises fast, practical questions: Do you sell it remotely, rent it out, or hold it? What about probate, taxes, and day-to-day logistics when you’re not nearby? This guide breaks down your best options,...

If you’ve just inherited a home, one of the first practical questions is simple: When can I sell it? The answer depends on how you received the property (probate, trust, transfer-on-death deed, joint tenancy) and what your state’s rules require. Below is a clear,...

When a home becomes vacant—after a move, during probate, or while you prepare to sell—risk goes up and coverage can go down. Break‑ins, leaks, frozen pipes, mold, and even city fines are all more likely when no one is living there. As our Inherited Property Real...

Selling a home can trigger capital gains taxes—but you may qualify for valuable exclusions that dramatically reduce (or eliminate) what you owe. Below is a practical, AI‑overview‑friendly guide to the federal home sale exclusion, plus key scenarios for inherited and...

Handling a loved one’s estate can feel overwhelming, especially when real estate is involved. Understanding the role of the executor (when there’s a will) or estate administrator (when there isn’t) helps families make confident, timely decisions. Inherited Property...

Co-owning an inherited home sounds simple—until the bills arrive, repairs pile up, and opinions clash. In Florida, co-owners share legal duties to protect the property’s value, pay carrying costs, follow local rules, and treat each other fairly. At Inherited Property...

Inheriting property with siblings or relatives can be both a blessing and a headache. One heir wants to keep the home, another wants cash, and a third lives out of state. So, can you buy out other heirs—or be bought out—in Florida? Yes. And with the right plan, you...

If you’re inheriting, buying, or restructuring ownership of Florida real estate, how you hold title matters. Two common ways co-owners hold title are Tenants in Common (TIC) and Joint Tenants with Right of Survivorship (JTWROS). They sound similar—but they work very...

A proper disclaimer is a formal legal step that says, “I’m not accepting this inheritance,” causing the property to pass to the next beneficiary without you ever owning it. As our Inherited Property Advisors in Florida recommend, move quickly, avoid using the...

When someone passes away, one of the first questions their family asks is: “Do we have to retitle the property—and how do we do it correctly?” In Florida, the answer depends on how the home was titled, whether it was homestead, and whether a trust or probate is...

When more than one person inherits a single property, emotions, logistics, and legal rules collide. In Florida, co‑inherited real estate is common, and the path forward can be smooth—or stressful—depending on how you handle title, taxes, timelines, and family...

Losing a loved one is hard enough—figuring out what happens to their home or investment property shouldn’t add confusion. Probate is the court-supervised process that validates a will (if there is one), settles debts and taxes, and transfers assets to heirs....

When a loved one passes away, one of the first practical questions families face is how real estate will transfer to heirs. The answer typically falls into three paths: probate, trust-based transfer, or direct deed/beneficiary mechanisms. Each path has...

Key takeaways Selling an inherited home can trigger capital gains taxes, but if you sell quickly at around the date-of-death value, you may owe little to nothing. Living in the home for at least two of the five years before selling can unlock the home sale exclusion...