Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. This is provided for educational purposes only and is not legal advice. The following is an illustrative, composite example, not a real client, and any names are fictional. It does not describe or promise any particular outcome.
Meet a woman we’ll call Denise. She has worked hard to keep her credit clean. Then a lawsuit arrives over a deceased relative’s property taxes, and her name is on it. Right away, she panics. Will this wreck her credit? Could someone come after her paycheck or her own home?
Her worry is understandable. So let’s look at what actually eased her mind.
First, Denise learns how this kind of case works. A property tax suit targets the property and the taxes tied to it. It is not a personal debt she ran up, like a credit card. Because of that, it works very differently from the debts she was picturing. Exactly how it might touch her credit depends on the specifics, so an attorney is the right person to confirm her situation.
Putting the deceased relative’s property taxes behind her
Then Denise focuses on the cleanest fix. She decides to remove herself from the situation entirely. So she sells the share that passed to her. After that, her name comes off the lawsuit, and her connection to the property ends. Instead of leaving things attached to her name and worrying, she simply steps out. In the end, the fear that kept her up at night fades, because there is nothing left tied to her.
What this story shows:
A property tax suit targets the property, not you personally, though an attorney can speak to your exact situation.
The surest way to stop worrying is to remove your name. Selling your share ends your connection to the property.
If you’re looking to remove yourself from a lawsuit and get paid for your interest, no cost to you, call or text us at (469) 708-8003 for an offer today.
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