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Rebuilding Together Untangles Titles to Preserve Generational Wealth

Rebuilding Together Untangles Titles to Preserve Generational Wealth

共同重建可以解开所有权以保护世代财富
Accesswire ·  05/22 22:15

by Chad Magaziner, Director, Strategic Partnerships at Rebuilding Together National

作者:《全国共同重建》战略伙伴关系董事查德·马加齐纳

NORTHAMPTON, MA / ACCESSWIRE / May 22, 2024 / The question of who will inherit your home when you pass away is a difficult question to face. It's often left on the backburner when balancing the demands of everyday life, meeting the needs of your children, maintaining a home, caring for parents or other family members and making a living-all while grieving the loss of a loved one...

马萨诸塞州北安普敦/ACCESSWIRE /2024年5月22日/你去世后谁将继承你的房屋的问题是一个很难面对的问题。在平衡日常生活需求、满足孩子的需求、维持住房、照顾父母或其他家庭成员、在为失去亲人而悲伤的同时谋生时,这往往被置于次要地位...

When left undone, a "tangled title" can result when a home is passed down informally from generation to generation, often because homeowners pass away without a will. When a home's occupant is unable to prove homeownership because their name does not appear on the deed, the land is considered jointly owned by all heirs - split among multiple family members regardless of whether they currently live there, have ever lived there or paid the taxes.
As this critical issue effects homeownership, especially within low-income communities, Rebuilding Together launched the Heirs' Property pilot initiative in 2022 to provide educational outreach, free legal assistance and estate planning services to neighbors in Philadelphia, Baton Rouge, and Kent County, Md. These resources include support for individuals who need help writing a will or who are already facing challenges due to a tangled title.

如果置之不理,当房屋代代相传时,可能会产生 “错综复杂的标题”,这通常是因为房主在没有遗嘱的情况下去世。当房屋的居住者由于房屋的姓名未出现在契约上而无法证明房屋所有权时,该土地将被视为由所有继承人共同拥有——由多个家庭成员分配,无论他们目前是否居住在那里、曾经在那里生活过或缴纳过税款。
由于这一关键问题影响房屋所有权,尤其是在低收入社区,Rebuilding Together于2022年启动了继承人财产试点计划,为费城、巴吞鲁日和马里兰州肯特县的邻居提供教育宣传、免费法律援助和遗产规划服务。这些资源包括为需要帮助撰写遗嘱或已经因标题错综复杂而面临挑战的个人提供支持。

While nationwide research is limited, in Philadelphia alone, a recent report from Pew Charitable Trusts revealed that more than 10,400 homes have unclear legal ownership, with a collective value of more than $1.1 billion, contributing to a cycle of instability and posing a significant barrier to affordable housing.
With support from Wells Fargo, the Heirs' Property pilot initiative is helping families untangle titles and preserve generational wealth, and the success of the program sets the stage for broader implementation across all Rebuilding Together affiliates. To formalize the practice of providing this support to homeowners, educational sessions were offered at our annual network gathering, known as Summit, and there are plans to develop a self-guided course for affiliates to learn more about heirs' issues and the resources needed to react accordingly when encountering such situations. Insights and lessons learned unfold as the program evolves to address title issues and preserve generational wealth for homeowners in need.

尽管全国范围的研究有限,但仅在费城,皮尤慈善信托基金最近的一份报告显示,超过10,400套房屋的合法所有权不明确,总价值超过11亿美元,这加剧了不稳定的循环,并对经济适用住房构成了重大障碍。
在富国银行的支持下,Heirs's Property试点计划正在帮助家庭理顺所有权并保护世代财富,该计划的成功为所有Rebuild Together附属机构的更广泛实施奠定了基础。为了正式确定向房主提供这种支持的做法,我们在名为峰会的年度网络聚会上提供了教育课程,并计划为附属机构开发一门自助课程,让他们更多地了解继承人的问题以及在遇到此类情况时做出相应反应所需的资源。随着该计划的发展,旨在解决产权问题并为有需要的房主保留世代财富,见解和经验教训不断展开。

Since 2010, Wells Fargo has donated more than $19 million to Rebuilding Together and its affiliate network to support rebuilding efforts across the country, including providing essential home repairs, revitalizing communities, and helping veterans, older adults, people with disabilities, families with children and victims of disaster remain in their homes.

自2010年以来,富国银行已向Rebuilding Together及其附属网络捐赠了超过1900万美元,以支持全国各地的重建工作,包括提供必要的房屋维修、振兴社区以及帮助退伍军人、老年人、残疾人、有子女的家庭和灾难受害者留在家中。

Neighbors receive educational outreach, free legal assistance and estate planning services.
邻居获得教育宣传、免费法律援助和遗产规划服务。

View additional multimedia and more ESG storytelling from Wells Fargo on 3blmedia.com.

在3blmedia.com上查看富国银行提供的更多多媒体和更多ESG故事。

Contact Info:
Spokesperson: Wells Fargo

联系信息:
发言人:富国银行

SOURCE: Wells Fargo

来源:富国银行


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