This has to be one of the hardest decisions a retired couple must make because of all the ramifications involved. We have heard horror stories of family members really going at it because of disagreements as to how the inherited property can be used, how to split usage, renting it out vs. using it, how to deal with expenses such as property taxes, repairs, etc, etc.....the list of conflicts can be endless....and make no mistake about it: when it comes to $$$, it can get really ugly. In a perfect world, we would leave our waterfront property to our daughter and son and family, with everything in good working order, including all the furniture, furnishings, water toys, even the stacks of games we have enjoyed on the porch year after year. That would be a perfect solution (for us). Would there be arguments and disagreements? Guaranteed. However, if we are no longer here, its not our problem, so hopefully they would work it out. It’s definitely a dilemma.
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