Domain: tiger-web1.srvr.media3.us Inheriting 200 Acres | Page 3 | Outdoor Board
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re: Inheriting 200 Acres

Posted on 12/28/24 at 4:09 pm to Tchefuncte Tiger
Posted by lsupride87
Member since Dec 2007
109997 posts
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Posted on 12/28/24 at 4:09 pm to Tchefuncte Tiger
Also, in Louisiana you have usufruct

Screws over children inheriting things all the time if the parents didn’t create a will and one aren’t died way before the other
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Posted by AuburnTigers
9x National Champion
Member since Aug 2013
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Posted on 12/28/24 at 4:57 pm to lsufan1971
quote:
Get ready to pay the tax man once you sell it. Capital gains going to be at least 15%.
He will receive a step up basis to the Fair Market Value on the date of death iirc
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