Run58Walk58
15 Aug 2016 / #1
Looking for input on possible inheritance of Poland property.
We were contacted by Poland relatives regarding an Ostroda house for which we have a partial inheritance claim. We do not speak Polish, nor have been to the country so we would need to pay translator fees to fully understand documents we have been sent. We have been asked to submit birth, death, marriage certificates and sign power of attorney forms to allow docs to be translated for use in Polish courts, and show we are true heirs.
From what we understand, up front costs could amount to about $400 American for Polish translation of docs to get court proceedings started. Once courts determines we are true heirs, our share of known costs at that time would be about $800 American - these would be for declaration/division of inheritance, addition of name to Mortgage Book, court appointed appraiser of property.
The profit from a sale of the house would make the initial investment worthwhile even with a Polish inheritance tax. But we feel that there could be additional unexpected costs that we do not know of. We are trying to decide whether to stake our claim or renounce inheritance.
Also any information on Ostroda housing market - is it good? Bad? Growing?
Has anyone dealt with a similar situation? I would really appreciate input.
We were contacted by Poland relatives regarding an Ostroda house for which we have a partial inheritance claim. We do not speak Polish, nor have been to the country so we would need to pay translator fees to fully understand documents we have been sent. We have been asked to submit birth, death, marriage certificates and sign power of attorney forms to allow docs to be translated for use in Polish courts, and show we are true heirs.
From what we understand, up front costs could amount to about $400 American for Polish translation of docs to get court proceedings started. Once courts determines we are true heirs, our share of known costs at that time would be about $800 American - these would be for declaration/division of inheritance, addition of name to Mortgage Book, court appointed appraiser of property.
The profit from a sale of the house would make the initial investment worthwhile even with a Polish inheritance tax. But we feel that there could be additional unexpected costs that we do not know of. We are trying to decide whether to stake our claim or renounce inheritance.
Also any information on Ostroda housing market - is it good? Bad? Growing?
Has anyone dealt with a similar situation? I would really appreciate input.