At any age, losing a parent is heartbreaking. It’s the kind of traumatic life event when you’d most like to turn to your parents for comfort and advice if only they were still with you. To make matters worse, you must deal with the headaches of settling your parents’ estate while you’re grieving. You have a long to-do list if you need to sell a house inherited from your parents. However, you can reduce some of the stress by working through the process step-by-step: Establish the status of your parent's estate Identify the estate executor and notify all interested parties Handle inheritance disagreements before they become full-blown disputes Hire an agent experienced in selling inherited houses Sort through your parents’ finances Review the home’s insurance policy Secure the house Understand the tax implications of selling your parents’ house Dispense your parents’ personal property Prepare the house for sale Set the list price and sell the house Step 1: Establish the statu...
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