Rebuilding Together Untangles Titles to Preserve Generational Wealth
Rebuilding Together Untangles Titles to Preserve Generational Wealth
by Chad Magaziner, Director, Strategic Partnerships at Rebuilding Together National
作者：《全國共同重建》戰略伙伴關係董事查德·馬加齊納
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...
馬薩諸塞州北安普敦/ACCESSWIRE /2024年5月22日/你去世後誰將繼承你的房屋的問題是一個很難面對的問題。在平衡日常生活需求、滿足孩子的需求、維持住房、照顧父母或其他家庭成員、在爲失去親人而悲傷的同時謀生時，這往往被置於次要地位...
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，當房屋代代相傳時，可能會產生 “錯綜複雜的標題”，這通常是因爲房主在沒有遺囑的情況下去世。當房屋的居住者由於房屋的姓名未出現在契約上而無法證明房屋所有權時，該土地將被視爲由所有繼承人共同擁有——由多個家庭成員分配，無論他們目前是否居住在那裏、曾經在那裏生活過或繳納過稅款。
由於這一關鍵問題影響房屋所有權，尤其是在低收入社區，Rebuilding Together於2022年啓動了繼承人財產試點計劃，爲費城、巴吞魯日和馬里蘭州肯特縣的鄰居提供教育宣傳、免費法律援助和遺產規劃服務。這些資源包括爲需要幫助撰寫遺囑或已經因標題錯綜複雜而面臨挑戰的個人提供支持。
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.
儘管全國範圍的研究有限，但僅在費城，皮尤慈善信託基金最近的一份報告顯示，超過10,400套房屋的合法所有權不明確，總價值超過11億美元，這加劇了不穩定的循環，並對經濟適用住房構成了重大障礙。
在富國銀行的支持下，Heirs's Property試點計劃正在幫助家庭理順所有權並保護世代財富，該計劃的成功爲所有Rebuild Together附屬機構的更廣泛實施奠定了基礎。爲了正式確定向房主提供這種支持的做法，我們在名爲峯會的年度網絡聚會上提供了教育課程，並計劃爲附屬機構開發一門自助課程，讓他們更多地了解繼承人的問題以及在遇到此類情況時做出相應反應所需的資源。隨着該計劃的發展，旨在解決產權問題併爲有需要的房主保留世代財富，見解和經驗教訓不斷展開。
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年以來，富國銀行已向Rebuilding Together及其附屬網絡捐贈了超過1900萬美元，以支持全國各地的重建工作，包括提供必要的房屋維修、振興社區以及幫助退伍軍人、老年人、殘疾人、有子女的家庭和災難受害者留在家中。
View additional multimedia and more ESG storytelling from Wells Fargo on 3blmedia.com.
在3blmedia.com上查看富國銀行提供的更多多媒體和更多ESG故事。
Contact Info:
Spokesperson: Wells Fargo
聯繫信息：
發言人：富國銀行
SOURCE: Wells Fargo
來源：富國銀行
譯文內容由第三人軟體翻譯。