Maine has a great reputation, is on many lists held by travelers itching to visit Vacationland.
Because Maine is four seasons outdoor natural beauty. Not crowded, the 4th lowest crime state. Imagine your surprise if a place like Maine you never visited was a state where you suddenly become an over night property owner. You inherited property, maybe a home, piece of land, lake place on the water front in Maine. Lucky you but now what to do with it?
The timing in your life when another person who remembered you in their will passes away.
And you inherited the whole nine yards or a share with other family members, or folks the deceased liked as much as you.
Lots to consider with property taxes, settling the estate taxes, dealing with withholding of 2.5% if you are an out of state resident and decide to let go, sell your inherited property.
The real estate you inherited in Maine that made you a new taxpayer in the Pine Tree state.
Three choices of what to do with the inherited property, the real estate in Maine.
Use it, rent it, sell it.
Want to know more?
Read full article on Selling Inherited Homes, Property in Maine.