LRDave
Thinks s/he gets paid by the post
My 96YO father is nearing the end of his run. The only real property he owns is a tiny piece of land in NE Georgia. He inherited it from his father, who bought it as a recreational lot in an early-70s development that went bust long ago. The lot is appraised at $3K and my father has been dutifully paying the property tax yearly - about $25/year.
We tried to give it away to several local charities/churches about 10 years ago. Locals know that the land is undevelopable and worthless and they do not want to take on the liability either.
An attorney friend (not acting as an attorney) advised my dad years ago that simply not paying the property tax would not be a cost-effective solution. (Liens, fees, etc.)
Anyone have any ideas how we get rid of this? I searched a a bit about legally relinquishing the property, but that just leads to passing directly to other heirs. Were my father to pass today, the property would pass to me and my two sisters, meaning three families have to deal with this annoyance.
Anyone have any ideas about how to get rid of unwanted property?
We tried to give it away to several local charities/churches about 10 years ago. Locals know that the land is undevelopable and worthless and they do not want to take on the liability either.
An attorney friend (not acting as an attorney) advised my dad years ago that simply not paying the property tax would not be a cost-effective solution. (Liens, fees, etc.)
Anyone have any ideas how we get rid of this? I searched a a bit about legally relinquishing the property, but that just leads to passing directly to other heirs. Were my father to pass today, the property would pass to me and my two sisters, meaning three families have to deal with this annoyance.
Anyone have any ideas about how to get rid of unwanted property?