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Level 1
November 16, 2022
Question

Sale of a Vacant inherited acres

  • November 16, 2022
  • 1 reply
  • 10 views

My niece is on disability insurance, she has inherited a vacant 5 acres that is worth $99k.  She wants to sell it, however, the proceeds will exceed the income limit she can receive on disability.  What options does she have to prevent this?

    1 reply

    Level 5
    November 16, 2022

    If your daughter has a case officer, then check if an installment sale- where proceeds are paid over a specified number of years, will satisfy income limitations. A title company can, for a fee, handle an installment sale.

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