Co-op ownership after death

[charlene.Ashfor]

What is the name of your state (only U.S. law)? Florida
My father recently passed away. He lived in a mobile home park owning one share of property in a co-op.In his will I am the sole beneficiary,but I have no desire,nor can I afford the monthy HOA fees and taxes on this property.I really just want to walk away and let the co-op take possession of the property. His mobile home is still on the property,in great disrepair.My name is nowhere listed as co-owner on the share document,so can I just walk away from it? For a few months after his death, I was mantaining the lawn and did pay a few months HOA dues,while we were emptying out this trailer.I just don't want this to come back and haunt me,or ruin my credit in the future.Please help!!

 

[Dave1952]

Sorry to hear of your loss. You are under no obligation to accept this property from your father's estate.

Good luck

 

[tranquility]

The term is called "disclaim" the inheritance. When the person who is managing the estate tells you you have inherited the property, tell him you disclaim it.