When the last of our elders pass on, we often come into their property. This is almost certainly an emotional time, and people have been known to make rash decisions. If you inherited a home with its contents, you may be at a loss as to what to do with it all. It can be an overwhelming process, and one that will require some thought, and perhaps, some expert advice.
Inheriting Content Property
If you are the sole inheritor, then what happens to the contents is up to you. You can sell the inherited home, sell the contents, keep it all, move in, auction it all off, whatever you like.
If you have siblings, then you will all need to come to an agreement. This can be very difficult. If there are siblings but only one of you inherits, then you can almost always expect a fight.
If the property and its contents are all inherited equally, you can still expect there to be a lot of problems within the family. Unless items were specifically designated, then you will likely have a lot of issues to get through.
Divide and Conquer
If your family is civil and level-headed, then you may all be able to come to an agreement. Unless the family made arrangements on who would get what, you will find people fighting over things.
Even if sister number one was promised mom’s engagement ring, it doesn’t mean that the rest of them won’t put up a fight. Hopefully, you can come to some type of agreement on who gets what.
It’s often a good idea to wait, just a few weeks, even. That way, the emotional attachments people are feeling towards the antique table or Grandma’s silver will have dissipated.
It’s also not unusual for family members to get lawyers, contest the will, and make their case any way they can to get items they feel entitled to. Hopefully, you can find a way through it.
Assess and Sell
If you can’t make up your mind or come to some sort of agreement when it comes to the contents of the home, you may need to have all the contents assessed and then sold.
There may be big items as well as small things, like boats, jewelry, mementos, and personal items, like photos, or items that have emotional value only. If you can pick a few items that everyone is happy with, you can sell or have an auction for the remaining items.
You will be lucky if you can come to an amicable agreement quickly. If there are only two of you, or three, it is much easier than having to deal with the content of a home if there are several siblings.
Store and Wait
If there are arguments, or lawyers involved, then it may be a while before you can all come to an agreement. If that’s the case, it’s likely wise to rent a storage space and put in everything that is being fought over and debated.
You can usually sell a lot of things, like appliances, older cars, furniture, dishes, and other items that your siblings are not interested in. Use that money for the storage place or put it in an account until everything is settled.
It can be very difficult coping with the loss of your parents, just to be thrown into a huge family fight. Try talking and working it all out, as these types of fights can leave scars that last forever.
Seek expert advice, even if you all seem to be in agreement.
Contact Black Door Homes
If you have inherited a home and are interested in a cash offer, contact Black Door Homes today.