Ask Experts Questions for FREE Help !
Ask
    techdog's Avatar
    techdog Posts: 1, Reputation: 1
    New Member
     
    #1

    May 19, 2012, 07:35 AM
    land inhertance problems between children
    We have 20 acres. There are 3 of us [whom] it was willed to. One brother wants to survey and deed off each portion. Will this hurt the value?
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
    Jobs & Parenting Expert
     
    #2

    May 19, 2012, 07:42 AM
    I added punctuation and capital letters to your post to make it more readable so others will respond (and not be confused). Is my editing correct?

    It might hurt if a developer wants to purchase a large area for a subdivision or superstore/parking lot. My husband's siblings divided up a large chunk of land in Arizona, and the total value of the individual chunks is not as great as the entire acreage would have been.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    May 19, 2012, 10:51 AM
    No way to answer that without knowing the area. Better ask a local real estate agent.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Is it better to deed land to children before selling it [ 2 Answers ]

My mother is selling her 80 acres of farm land. She has owned it and rented it since the 1960s. It is my future inheritance. Is it better for tax purposes to add me or change the title over to me before the auction sale.

Land Contract Problems [ 6 Answers ]

Hello. I was hoping to receiver some information regarding my land contract. I purchased a home through land contract last year. It is a five year land contract with a balloon payment. I have put close to 15,000 into the home so far. It was a old farm house that needed some work. When we signed...

Parents deeded land to children before their death, tax consequence upon sale of land [ 1 Answers ]

What is tax consequentce on sale of land that was deeded to children before death of parents (now deceased)

Land lords want to kick me and my children out, but I have paied the rent [ 2 Answers ]

I am a single mom and my kids and I live in a one bedroom house with my children. I have been there almost a year. In that year I have had three months where I had no problems with the pluming. The hot water heater went out, and for three weeks we had no running water in the home. Less than a week...

Tax on inhertance [ 2 Answers ]

I did not work in 07. My father died in 07 and left me some insurance policy money. Do I pay taxes on this? Is it considered income?


View more questions Search