[quote=flu]Even if the home is free and clear/with no estate taxes,
if the beneficiary really needs to cash at that point when they get the home, they would most likely sell the home right there and then. Very seldomly does someone take the home because they think theuy are getting a killer deal on property taxes, pay say an estate tax on it, and then turn it around and ATM the home to death.[/quote]
I don’t know…a friend of mine is a realtor over here in Allied Gardens. He knows personally of a case where the kids did just this–they inherited a house free and clear and mortgaged it to the hilt, pulling out more and more equity to buy toys and take trips until they ended up under water and finally got foreclosed on.
