Expert tips to tackle tangled property titles
Baby Boomers hold $18.9 trillion in real estate assets, which may lead to complex probate issues for heirs without a will, known as "tangled titles." This situation complicates ownership transfer and affects access to aid and insurance. The issue disproportionately impacts the black community, with 87% of black families facing tangled titles due to historical barriers. Solutions include transferring deeds, splitting property, or forming cooperatives. Inheritors are advised to seek documentation and local legal aid for assistance.
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