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04-20-2021, 04:06 PM
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#81
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Location: Back woods of Fennario
Posts: 1,170
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T'was a jest..... Jokes about the word "w*rk" are the coin of the realm around here. I will take your sage advice, if plans A & B don't come to fruition.
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"Time wounds all heels...." - Groucho Marx
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04-20-2021, 05:26 PM
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#82
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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Quote:
Originally Posted by LRDave
T'was a jest..... Jokes about the word "w*rk" are the coin of the realm around here. I will take your sage advice, if plans A & B don't come to fruition.
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You seem laid back, and perhaps ready for early retirement, if not already enjoying it.
Nonetheless, my unthinking audacious suggestion in an early retirement forum for someone to "start w*rking" was a bit beyond the pale. I need to consider my words more carefully.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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04-20-2021, 05:30 PM
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#83
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,358
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Quote:
Originally Posted by RetireeRobert
You seem laid back, and perhaps ready for early retirement, if not already enjoying it.
Nonetheless, my unthinking audacious suggestion in an early retirement forum for someone to "start w*rking" was a bit beyond the pale. I need to consider my words more carefully.
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Yeah, you do that too much and you'll find yourself "Gone traveling".
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-20-2021, 05:53 PM
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#84
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Recycles dryer sheets
Join Date: Jun 2010
Location: Southwest Florida
Posts: 470
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Quote:
Originally Posted by LRDave
I am not an attorney, but I think it is not that simple. With 3 heirs, inheritance passes to the other heirs. I don't see any easy way to return it to the county.
There is probably some legal machination we can undertake (times 3), but it won't be free and might be complicated (hence expensive).
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Yes it is simple. Just disclaim it. You don’t need to inherit it.
Gill
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04-20-2021, 06:04 PM
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#85
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Full time employment: Posting here.
Join Date: Feb 2018
Posts: 557
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The area may have changed a lot any maybe there is some value to it now. You would need a real estate appraisal of the land when your father dies anyway.
Contact the adjoining neighbors to see if they want to buy. See if the county/township will accept as a donation for a park. Depending on the size, maybe a youth group (Boy Scouts, Girl Scouts, 4-H) would be interested.
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04-20-2021, 07:11 PM
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#86
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Location: Back woods of Fennario
Posts: 1,170
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Quote:
Originally Posted by Gill
Yes it is simple. Just disclaim it. You don’t need to inherit it.
Gill
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Do I need an attorney to do this? If so, there will be costs.
__________________
"Time wounds all heels...." - Groucho Marx
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04-20-2021, 08:52 PM
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#87
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Ex-Cali
Posts: 1,245
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Quote:
Originally Posted by CRLLS
So you "disclaim" it. Do you really care what the other 2 do with it? If the other 2 also refuse it, then who really cares at all? If all primary, secondary, tertiary etc. beneficiaries (according to the will or trust) "disclaim" the property, I believe it goes to the state.
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Disclaimer means you are treated as predeceasing. So if the person disclaiming has kids, in most cases, you are just passing on the problem to your kids.
However, if the family just does nothing when dad dies eventually the county will sell it at a tax sale. I feel fairly confident not too many counties are going to go after the decedent's probate estate.
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______________________
The plan was September 1, 2022 and I am 95% there. Still working a few hours a week at the real job.
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04-20-2021, 09:14 PM
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#88
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,227
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Quote:
Originally Posted by CaliKid
Disclaimer means you are treated as predeceasing. So if the person disclaiming has kids, in most cases, you are just passing on the problem to your kids.
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Can't the kids disclaim as well? And anyone else in line?
Do nothing sounds better though.
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04-20-2021, 10:07 PM
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#89
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Dryer sheet aficionado
Join Date: Feb 2013
Posts: 27
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as far as donating goes, a google search of 'how to donate unwanted land' yields several results for non-profits, I guess YMMV whether or not any of them would pan out but there are a few to choose from: https://www.google.com/search?q=how+...hrome&ie=UTF-8
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04-21-2021, 05:50 AM
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#90
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Quote:
Originally Posted by RunningBum
Can't the kids disclaim as well? And anyone else in line?
Do nothing sounds better though.
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Unless some land broker is willing to give $10 for it with no work on your part. Then your kids, or spouse, or your kid's kids won't have to worry about it.
__________________
Retired Class of 2018
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04-23-2021, 08:50 PM
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#91
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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04-23-2021, 08:59 PM
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#92
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,514
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^ that is pretty interesting. I should would believe that you would be able to sell that piece of land.
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04-23-2021, 11:40 PM
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#93
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Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 3,014
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Quote:
Originally Posted by CaliKid
Disclaimer means you are treated as predeceasing. So if the person disclaiming has kids, in most cases, you are just passing on the problem to your kids.
However, if the family just does nothing when dad dies eventually the county will sell it at a tax sale. I feel fairly confident not too many counties are going to go after the decedent's probate estate.
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I would like to know more about this. I assumed if a named person disclaimed their share, it was done before they took legal possession. To me that might mean (assuming "per stirpes" or "per capita") that branch ends and the disclaimed's children do not have any right to what would might have normally be their share. IANAL for certain. I honestly would like to know more. Is this a state by state issue? Or all states?
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04-24-2021, 06:04 AM
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#94
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,358
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CRLLS, I think what CaliKid is saying is that if the will follows the bloodline as many wills do if the OP disclaims that it just goes to the OPs kids... but if the OPs kids and grandkids and any other heirs and or bloodline disclaim it as well then it just keeps going to the next sucker.
As I understand the way it works, some long-lost cousin who the family doesn't inform to disclaim it could theoretically end up with it but I suspect that the county would give up and just take the property long before that happens.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-24-2021, 06:28 AM
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#95
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Quote:
Originally Posted by pb4uski
CRLLS, I think what CaliKid is saying is that if the will follows the bloodline as many wills do if the OP disclaims that it just goes to the OPs kids... but if the OPs kids and grandkids and any other heirs and or bloodline disclaim it as well then it just keeps going to the next sucker.
As I understand the way it works, some long-lost cousin who the family doesn't inform to disclaim it could theoretically end up with it but I suspect that the county would give up and just take the property long before that happens.
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This is a great way to give your heirs headaches. What about the executor? I have a friend named as an executor to his wife's aunt! He's a nice guy and agreed to do it. Finding the 16 per-stirpes heirs was a difficult task. He got paid only a meager amount for a meager estate, and had to deal with a lot of the "disclaim" paperwork.
Unless you like giving away problems after you die, best to get it off the books now. Land broker.
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Retired Class of 2018
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04-24-2021, 07:41 AM
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#96
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,941
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Quote:
Originally Posted by financemups
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I worked for some of these groups listed. At least 95% of the properties offered out of the blue were problem properties and were politely declined. Unless it’s an asset that can be readily sold, or it has valuable habitat or green space qualities that an organization values, they will pass. After all, why would they want to take on the donor’s headache?
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04-24-2021, 08:13 AM
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#97
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Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 3,014
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I guess I was wrong in my assumption. After some researching, it appears you may be correct in that "disclaiming" simply passes your share to that person's children as if the disclaimer had predeceased the property owner (LRDave's DF). In the case of there being no will, state laws of intestate order will prevail.
If DF has a will, and the grandchildren are named as contingent beneficiary(s) or "per stirpes" or ""per capita" are written into the will, Then it appears that the GC would have to disclaim also.
Absent of the above words written in any Will, I think the only named beneficiary(s) can simply disclaim the land and that would be the end.
LRDave never mentioned the existence of a will or what the exact words are in it regarding beneficiary(s). Since his DF is still on this side of the grass, there may be time to simplify the issue and either change the will, or better yet, somehow dispose of the property before he passes.
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04-24-2021, 08:15 AM
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#98
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,358
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Quote:
Originally Posted by JoeWras
This is a great way to give your heirs headaches. What about the executor? I have a friend named as an executor to his wife's aunt! He's a nice guy and agreed to do it. Finding the 16 per-stirpes heirs was a difficult task. He got paid only a meager amount for a meager estate, and had to deal with a lot of the "disclaim" paperwork.
Unless you like giving away problems after you die, best to get it off the books now. Land broker.
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Joe, I somewhat agree, but if I was the OP, job #1 is to make sure that neither me of my kids get stuck with it and if I and if needed, my kids don't get it because we have all disclaimed it and it ends up in the hands of a sibling or long-lost relative than that is less of my concern.
I long ago suggest that the OP look up who the adjacent land owners are and offer it to them for $1.
I highly doubt that any landbroker is going to give the OP the time of day on such a small and low value property... if so, I'd just sell it to the landbroker for $1 and if s/he can make lemonade out of it then good for them.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-24-2021, 08:21 AM
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#99
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,358
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Quote:
Originally Posted by CRLLS
I guess I was wrong in my assumption. After some researching, it appears you may be correct in that "disclaiming" simply passes your share to that person's children as if the disclaimer had predeceased the property owner (LRDave's DF). In the case of there being no will, state laws of intestate order will prevail.
If DF has a will, and the grandchildren are named as contingent beneficiary(s) or "per stirpes" or ""per capita" are written into the will, Then it appears that the GC would have to disclaim also.
Absent of the above words written in any Will, I think the only named beneficiary(s) can simply disclaim the land and that would be the end.
LRDave never mentioned the existence of a will or what the exact words are in it regarding beneficiary(s). Since his DF is still on this side of the grass, there may be time to simplify the issue and either change the will, or better yet, somehow dispose of the property before he passes.
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I'm not sure that will work, usually in wills there is a "residual estate" which is everything in the estate that isn't speciifically bequeathed, so if the lot would end up in the residual estate and go to the beneficiaries of the residual estate.
Probably better to abandon it, ignore the propety tax bills and in most jurisdictions that I'm familiar with the town or county will then eventually hold a tax sale and auction it off.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-24-2021, 09:55 AM
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#100
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Location: Back woods of Fennario
Posts: 1,170
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Quote:
Originally Posted by RetireeRobert
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Thanks for the link. I have submitted our info.
This is the third submission for sites like this for us. I have not heard back from the other two.
I will update this post when/if I hear anything.
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"Time wounds all heels...." - Groucho Marx
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