Can Someone Inherit a Home if I They are Unemployed?

Okay, so I am wondering if you must be employed to own the deed of a house? 

Can someone buy an unemployed person a home as a “gift” and put the deed solely to the unemployed person’s name? Or does the giver have to own the house??

18 Answers

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  • 1 month ago

    The giver has to own the house.  You cannot give away  or sell what does not belong to you.  Yes, an unemployed person can inherit a house.  However, owning a house costs money so the unemployed had better be well off financially or get a job.

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  • 1 month ago

    Someone can buy anyone a home if they can pay for it.

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  • 1 month ago

    There would be tax implications to this...

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  • 1 month ago

    Yes, they can inherit anything.

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  • 1 month ago

    Of course they can; employment isn't a pre-requisite for inheritance.

    There are a lot of costs associated with home ownership though; so unless someone has savings to pay for these (insurance, repairs, taxes, utilities) then they may need to sell it anyway

    • Nuff Sed
      Lv 7
      1 month agoReport

      Sell it or maybe rent part of it to cover expenses.

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  • Anonymous
    1 month ago

    Men of serious,have mights!Then yes!They can do what ever about much!

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  • 1 month ago

    You don't need to be employed to own a home.

    Buying someone a home and putting the dead in the unemployed person's name is possible, but not that simply. The person who owns a home has to pay real estate tax on it and should pay for insurance, repairs, etc. So the unemployed person is going to need money to do that. And a person who gives something worth more than $15,000 (this amount changes from year to year) may have to pay gift tax.

    • Nuff Sed
      Lv 7
      1 month agoReport

      how many states have a gift tax? The federal gift tax only applies to 1 percenters who die with over a limit of however millions of dollars in their personal estate, subject to annual allowances and other exemptions.

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  • 1 month ago

    Anyone can own a home. There is no income or employment requirement. Obviously, there are related expenses that someone would have to pay.

    So yes, an unemployed person can inherit a home and you can give them a home as a gift. 

    For a gift, you would have to pay gift taxes for anything over $15,000. For an inheritance, they would possibly have to pay inheritance tax depending on the value.

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  • 1 month ago

    There is no requirement that someone be employed.

    However, there would be a requirement to pay the property taxes going forward.

    There are stories of people getting a house via gift or inheritance and than losing it a few years later for not paying property taxes.

    • Nuff Sed
      Lv 7
      1 month agoReport

      Unemployed is not the same as impecunious.

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  • 1 month ago

    i dont see why not

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