I could inherit land overseas. Is there an upside to this?
May 9, 2021 6:33 AM Subscribe
I learned there are no heirs to a few unused land parcels still partially in my late great-grandfather's name in a coastal Croatian village. They're not seafront or exceedingly valuable, and he is one owner of many (even though the co-owners are likely deceased at this point). It's hard to conceive of a situation where I'd actually do something with it not least because my life is in the US. But nonetheless sentimentality is pushing me to consider transferring the title to my parents or even myself. Beyond indulging nostalgia, is there any rationale to pursue this? My hunch is there may actually be more downsides (legal fees, taxes, etc) than advantages. For context I also hold a Croatian passport.