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Here's one to stew on: family land/inheritance

142,412 Views | 396 Replies | Last: 3 hrs ago by Ribeye-Rare
Chet Ripley
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MS08 said:

schwack schwack said:

Right?!?! Their mailing address is a property with no improvements? The county will figure it out at some point - with or without them going in - but then they risk it being pro-rated back to built date,don't they?


This nugget leaves us wanting for more, hah! I don't think they can retroactively collect property taxes as those are based on what the assessed value is. But, looks like they may end up biting their nose off to spite their face. We will stay tuned!


Actually the Tax Code requires the CAD to go back and add "omitted property" as far as 5 years for real estate. Existing improvements that are not reflected on the appraisal roll qualify as "omitted property". Sometimes the local CAD will choose to not go back annd andd the missing property in back years, but they are supposed to.

After reading this thread, I have to admit I would be very tempted to put a bug in the CAD's ear. Property missing from the appraiser roll just means that other taxpayers have to make up for the taxes not being assessed to the owners of the missing property.
bqce
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Found this post today. One of the most interesting rabbit holes I've been down in a while. Good thing I'm retired. Bless your heart Mr. schwack
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Deats99
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schwack schwack said:

Quote:

Any updates?

Not really. They all tend to keep to themselves unless they need to borrow some of Dad's tools or farm equipment.

Sister upset at an increase in the tax value of their lot. Here's how stupid they are: their newly constructed house isn't even "discovered" yet, but they think they are going to protest. They have some AG on it for bees - so we're not talking much tax! Y'all, it's a really minimal tax increase compared to some of ours - but they don't listen. I kinda hope they do it & get hit for the house. Is that wrong?!?!?

Effing hilarious at this point.
A good plan violently executed now is better than a perfect plan executed next week.
-George S Patton
tamuangry
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I'm just curious … any new news? Any planned drama around the upcoming holidays?
schwack schwack
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The news this year is not good - our nephew passed away in June. In many ways it was a blessing, his quality of life had diminished greatly in the last year or so. That said, there was a lot of family drama surrounding his passing that I won't go into but relationships were not improved. In typical fashion, they handled things poorly.

As to the day to day around there, things are the same with them & parents. No improvement. Parents have been having some health issues - nothing too major, but they aren't much help.

Their house has still not been discovered by the CAD, so they've got that going for them. I'm guessing their land value will increase quite a bit in 2023, so I look forward to hearing about their protest. LOL.

We are set to go there for Christmas - Thanksgiving is with Mrs. Schwack's side. The last few times we have been they don't come over. I'm guessing they will come for lunch Christmas day though - the food is always good - and heck, it's a free meal. Oh - speaking of food, they now have chickens & honey producing. They don't share with parents despite them using all of Dad's farm equipment, etc. They do sell to others, so I guess parents could BUY some....
Keeper of The Spirits
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I wonder if its time to show them some extra love. You may already be doing this, you have already been way more kind about this than I would have been.

Its a bad situation, they aren't good people and you can't change that. I am sure you wish things would have gone different.

The loss of your nephew will weigh on everyone for years and it sounds like you have a few precious years left with your folks. I can't imagine they will act appropropriately when your folks pass so this may be your last chance. However you can go out of your way to show love and forgive what you can and ignore what you can't. This may soften them up some for the time in which you parents pass.

And you know the way in as a big gift of monetary value
tamuangry
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schwack schwack said:

The news this year is not good - our nephew passed away in June. In many ways it was a blessing, his quality of life had diminished greatly in the last year or so. That said, there was a lot of family drama surrounding his passing that I won't go into but relationships were not improved. In typical fashion, they handled things poorly.

As to the day to day around there, things are the same with them & parents. No improvement. Parents have been having some health issues - nothing too major, but they aren't much help.

Their house has still not been discovered by the CAD, so they've got that going for them. I'm guessing their land value will increase quite a bit in 2023, so I look forward to hearing about their protest. LOL.

We are set to go there for Christmas - Thanksgiving is with Mrs. Schwack's side. The last few times we have been they don't come over. I'm guessing they will come for lunch Christmas day though - the food is always good - and heck, it's a free meal. Oh - speaking of food, they now have chickens & honey producing. They don't share with parents despite them using all of Dad's farm equipment, etc. They do sell to others, so I guess parents could BUY some....


Yikes! Thanks for sharing
Less Evil Hank Scorpio
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Bump. Hope things are going better this holiday season.
schwack schwack
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Not much change to report. Parents are getting older and communication between them & "the neighbors" is about the same: very little, so they say. We were there Thanksgiving & we didn't see them.

We're not 100% sure that parents are completely truthful with us about the day to day & might play both sides. Called on Christmas & was hurried off the phone when "the neighbors" came in. So, who knows.... I'm sure they try to keep the door open for family and all, but we've learned that we really don't know & we've decided to stay as neutral as possible & call every Sunday to check in.



schwack schwack
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UPDATE: This year has seen things ramp up at the old homestead. First, the Parents are still doing OK but the inevitable decline that people in their mid 80's face is happening. We bought them a side by side to make getting around the property & to the mailbox easier and they love it.

Several months ago, everything went south & they are no longer speaking to "their neighbors". It happened when they returned a borrowed piece of farm equipment broken. Dad said it was time for them to buy their own & that was it. Now, not even a hello. Fast forward and they did some "work" on the front fence & added a gate they could lock. It left an opening on the side of Dad's gate that was passable. Dad proceeded to come up with a way to remedy it and - I kid you not - got a "You're on my property." Things plunged off the cliff from there.

So much so that after that, parents have revised their will to a trust that leaves them totally out of everything. They want it to be easy on us & this will not allow any interference from them - it's not contestable & we don't even have to show it to them. It goes to me, then to my wife. We make all of the decisions without their input. How civil that goes is up to them. Right now, our plan would be they give us half of market value for our part & it's all theirs.

Thanksgiving at their house was just the 4 of us. We had a nice time, but I know they are still upset & don't understand how it got this bad. They are unhappy with the current situation & for the first time even my Dad is considering a move. Part of it is their physical condition & realizing that's it's just going to get harder to maintain, but a huge part is the relationship with their child. They hate seeing the house over there & the daily reminder of having no relationship. We finally talked them into starting the process just to find out what the market value is because they have some other "friends" asking what they are going to do with it & we know they would want a deal. That's probably our next battle. I have told Dad not to quote anybody a price, but he has this old "best friend" that we worry about & I trust less than my sister - LOL. That said, if I've learned one thing in my life, it's that Dad is gonna do what Dad is gonna do.

So, that's the 2025 update. Merry Christmas, to you & your families!
busdriver88
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Man, that blows. Family is going to family sometimes. Sorry this is happened, and sorry it probably isn't going to improve.

My dad always told me "When people show you who they are, believe them"
There may not be time to do the job right, but there is always time to do the job over!!
Ribeye-Rare
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schwack schwack said:

We finally talked them into starting the process just to find out what the market value is because they have some other "friends" asking what they are going to do with it & we know they would want a deal. That's probably our next battle.

I'm handling an estate and dealing with a similar issue regarding the disposition of a quite valuable property, as one of the beneficiaries under the will has some "friends" who'd like to buy the property from the estate.

So, to keep everyone honest (myself included), I'm getting a Brokers Price Opinion (even if I have to pay for it) and am taking the attitude that cash talks and BS walks.

Or, as the Louvin Brothers so nicely put it all those years ago, 'That'll be cash on the barrel head, son."


 
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