[Yugocean]

Almost everyone gets something in inheritance, it is spend by foolish people for fun.
This heritage has not been created by anyone himself, he has got it, so save it for tomorrow in such a way that your generations also get it in the form of savings.

For example, if you find a house somewhere, use it to live. If it's in a remote area from your workplace, and you can't find work from home, save it for your retirement (free you from the hassle of building your new house, and a ready home for your generation too) .)

[oldbuddy]

Almost everyone gets something in inheritance, it is spend by foolish people for fun.
This heritage has not been created by anyone himself, he has got it, so save it for tomorrow in such a way that your generations also get it in the form of savings.

For example, if you find a house somewhere, use it to live. If it's in a remote area from your workplace, and you can't find work from home, save it for your retirement (free you from the hassle of building your new house, and a ready home for your generation too) .)

In the USA inherited property is worth enough to establish a cash flow business that is more valuable than a run down property.

[Netherrealmer]

My Grandma's land gave me livelihood and also freedom from my parents. Farming had changed my life.

[augusta]

You are right no need selling inheritance. it is good to use it and pass it down to the next generation.

[Treborika]

It's a very good idea to take good care of inheritance. It's not advisable at all to sell inherited property.

[augusta]

This will help one save money as you wouldn't have to sell your inheritance cheap then buy a new one for a higher price in future.

[Pousinha]

I was compelled to sell my inherited apartment because I was moving abroad. Leaving the apartment in my former country unsold would mean tax assessments, because no one had the possibility to take care paying taxes (my former country is old-fashioned: impossible to pay taxes from abroad if you don't maintain a very expensive currency bank account for non-resident). But not so bad at all, as that money came from the sale served to help the building of my Brazilian house, an independent and larger house, owning a big courtyard and a terrace in addition. It's to say the currency conversion also helped me.

[OldGuy]

A lot depends on what it is that you inherited. If it is just cash or other spendable assets, you end up using it as time goes on. If there was enough, you might have something left over to pass it on to your heirs.

If it is a taxable property, you may have no choice but to sell it if you can't cover the annual property tax, especially if you have no use for it. Just holding on to it to pass it on could cost you thousands before that time comes.

In some cases, the only assets that are left for heirs are the used furniture, clothing and other items left behind. Heirs might pick through and take some items of sentimental value, but most of the rest ends up being donated if it is of any value, or the dump for a final disposition.

I work with a landlord who owns multiple properties and dozens of apartments. The overwhelming majority of those where the tenant dies leave behind everything they owned, but relatives have no interest in any of it. The workers who clean out the places may take items of interest, but 99% of all of it ends up going to the dump. A lot of it is perfectly good stuff that no one inherits.

I think about all the stuff in my own apartment and wonder if any family member would even care about it. I don't have any specific heir to leave it to and my remaining family lives hundreds of miles away. I doubt any of them would care what the landlord does with it, even the old solid cherry handmade tables from my high school years. Won't be long and they will be classified as antiques.

There is just way too much stuff that is inherited and used up or tossed to even think of saving it for some future generation. I suspect most is long gone before the next generation even knows it existed.

[Yugocean]

In our country tenants and mafia will take over property if not cared early; so its best to sell if you cannot take care of it. I am going to make my property as Trust (even for my hires), so that it should be used in proper cause till it can be.

Pousinha, OldGuy you both are very logical.
Experienced OldGuy's ideas always make me think to make things better.

[Pousinha]

A lot depends on what it is that you inherited. If it is just cash or other spendable assets, you end up using it as time goes on. If there was enough, you might have something left over to pass it on to your heirs.

If it is a taxable property, you may have no choice but to sell it if you can't cover the annual property tax, especially if you have no use for it. Just holding on to it to pass it on could cost you thousands before that time comes.

In some cases, the only assets that are left for heirs are the used furniture, clothing and other items left behind. Heirs might pick through and take some items of sentimental value, but most of the rest ends up being donated if it is of any value, or the dump for a final disposition.

I work with a landlord who owns multiple properties and dozens of apartments. The overwhelming majority of those where the tenant dies leave behind everything they owned, but relatives have no interest in any of it. The workers who clean out the places may take items of interest, but 99% of all of it ends up going to the dump. A lot of it is perfectly good stuff that no one inherits.

I think about all the stuff in my own apartment and wonder if any family member would even care about it. I don't have any specific heir to leave it to and my remaining family lives hundreds of miles away. I doubt any of them would care what the landlord does with it, even the old solid cherry handmade tables from my high school years. Won't be long and they will be classified as antiques.

There is just way too much stuff that is inherited and used up or tossed to even think of saving it for some future generation. I suspect most is long gone before the next generation even knows it existed.

Yes, taxes is what mostly matters in my former country. And to rent is very risky: lot of tenants don't pay the rent and the unemployment high rate plus how easily people lose their job, favour this kind of mishap.

[nela13]

My mother inherited my grandparents' house, she is now making some improvements to rent it, I think it is a good step she is taking.
My husband is a single child and he already knows that one day he will inherit an apartment and a house, by that time I will let him decide what to do, and whatever he decides I will be fine with it.

[augusta]

A lot of inherited properties that we are enjoying today from our forefathers and we are making good money now off it I'm sure if they were sold before now it' would have been a wasted effort.

[Yugocean]

A lot of inherited properties that we are enjoying today from our forefathers and we are making good money now off it I'm sure if they were sold before now it' would have been a wasted effort.

Many people are living abroad leaving their property, they do need to sell it, so going abroad will make people to decide new future for their offspring.

[nela13]

Many people are living abroad leaving their property, they do need to sell it, so going abroad will make people to decide new future for their offspring.

Sometimes people are in a hurry to sell their properties and often they sell it under the market value. It could be a good investment for those that have money.