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 Carol. Her husband passed away a while ago. Through him, she ended up connected to a property his family had owned for years. Soon a family property tax lawsuit arrived over unpaid taxes, and it listed her name. So Carol felt blindsided by a problem rooted in her late husband’s side of the family.
At first, she assumed she had to deal with his relatives to fix it. But that turned out not to be true. In fact, she could handle her own portion alone.
How Carol left the family property tax lawsuit
Carol owns only her share. So she does not need her husband’s relatives to agree on anything. Instead, a buyer takes over her portion and removes her name from the lawsuit. Also, the signing happens from home, which spares her the stress. Because of that, she settles her part without reopening old family ties.
In the end, Carol stepped out of the family property tax lawsuit for good. She paid nothing out of pocket. Now she carries no liability for the property or the taxes.
What this story shows:
You can be pulled into a family property tax lawsuit through a late spouse, yet you still only handle your own portion.
A buyer removes your name and takes the liability, without you involving the rest of the family.
If you want to be bought out of the lawsuit and have your name removed, no cost to you, call or text us at (469) 708-8003 today.
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