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 man we’ll call Walt. He is close to retirement and wants a clean, simple life ahead. But a relative’s property left him in a tax lawsuit he never asked for. So Walt wants to clear up the tax lawsuit before he stops working.
At first, he fears it will drag into his retirement. After all, legal matters can move slowly. But Walt soon finds a quick way to settle his part.
How Walt cleared up the tax lawsuit
Walt owns only his portion of the property. So he does not need the rest of the family to act. Instead, a buyer takes over his portion and removes his name. Then the back taxes become the buyer’s responsibility. Also, the signing happens from home, with little fuss.
In the end, Walt cleared up the tax lawsuit well before retirement. He paid nothing out of pocket. Now he carries no liability for the property or the taxes.
What this story shows:
You can clear up a tax lawsuit quickly by handling only your own portion.
A buyer takes the back taxes and removes your name, so nothing follows you into retirement.
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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