Inheriting property can be both a blessing and a burden. On one hand, it represents a valuable asset that could improve your financial situation. Conversely, it can lead to misunderstandings, disagreements, and even legal battles. In this episode of the Ask Ralph podcast, host Ralph Estep Jr. delves into the intricacies of managing inherited properties. He outlines practical steps such as open communication, seeking legal advice, and getting the property appraised. Ralph also emphasizes the importance of being willing to compromise and the benefits of mediation if conflicts arise.
https://www.askralphpodcast.com/
00:00 Episode Overview
00:53 Show Announcements
01:59 Bible Verse
02:41 Action 1: communicate openly and honestly
03:19 Action 2: Seek Medical Guide
03:48 Action 3: get the Property Appraised
04:16 Action 4: consider your options
04:56 Action 5: put everything in writing
05:31 Action 6: be willing to compromise
05:56 Action 7: Try to keep your emotions in check
06:22 Action 8: Seek mediation if necessary
07:12 Episode Recap
08:19 Steps to take if you've inherited a property with someone else
08:57 Outro
