Legal Question in Wills and Trusts in Texas

How do I avoid inheriting a a rental house? My elderly mother owns a rent house that is empty and in terrible shape. (Dad has passed away and left it to her) She has no interest in renting it again or putting any money into fixing it up, and none of us have the money to fix it. It is up for sale but I can't imagine that it will sell. There is a mortgage on it for about $57.000, she makes the payments on time each month. How do we her children avoid inheriting this nightmare? Her will now says her children (all adults) divide her property equally. Should she will it to some organization - if so, who would want it? The roof leaks, sheetrock is moldy, kitchen cabinets need replacing - the realtor says a rehab company is the only hope of selling it; a family would never agree to put the needed money into it. We are in Houston, Texas


Asked on 7/23/11, 10:13 am

1 Answer from Attorneys

To answer your question, you can disclaim your inheritance. However, it's not a 'pick and choose' situation. If the house is a drain on your mother, she should consider short selling it. I know a financial institution who would probably take it off her hands. Buzz me if it's something she'd be interested in pursuing.

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Answered on 7/23/11, 1:31 pm


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