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Next Avenue: Inheriting your parents’ house: Should you sell it, rent it out, or move in?

This article is reprinted by permission from NextAvenue.org.

Boomers stand to inherit upward of $27 trillion over the next four decades, according to The Center of Wealth and Philanthropy at Boston College, and a portion of that includes the house their parents lived in.

But when that house becomes yours, figuring out what to do with it can present financial and emotional issues. If your siblings are involved, things can get even trickier.

“There are three basic paths you can take,” says Bruno Graziano, a senior estate planning analyst with Wolters Kluwer, CCH. “Sell the house, move into it, or rent it out.

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