Massachusetts adopted the Uniform Probate Code (MUPC) in 2012. This is the general order of operations — your attorney determines the correct path for your facts.
Inherited property generally gets a new cost basis equal to its fair-market value at the date of death (federal IRC §1014) — so decades of appreciation can disappear for capital-gains purposes. On a home bought in 1985, this is enormous. General information, not tax advice — confirm with your CPA.
Illustratively, the step-up could shield roughly $440K of gain — on the order of $65K–$90K of federal capital-gains tax potentially avoided verify w/ CPA (before NIIT / state treatment). Massachusetts follows the federal basis rules, so the step-up applies for MA income tax too.
Massachusetts taxes estates over $2,000,000 (raised from $1M effective Jan 1, 2023). The federal exemption is far higher (~$13M+), so the MA tax is what most local estates watch. General information, not tax advice.
At an illustrative ~$520K, this home is well below the $2M threshold. MA estate tax is a concern only if the total estate (all property, accounts, life insurance, prior gifts) exceeds $2M. If it does: MA Form M-706 is due 9 months after the date of death, and an unresolved estate-tax liability can create a lien that must clear before the deed records — another reason to engage the attorney early.
If the home is not on municipal sewer, MA Title 5 (310 CMR 15.000) requires a septic inspection that is valid within 2 years of the transfer (valid for 3 years if the system was pumped annually and records are documented) verify. A failed system means repair or a buyer escrow — a real deal-killer if discovered late. Salem is largely municipally sewered, so this may not apply here — confirm the sewer/septic status for this parcel before listing.
With the attorney engaged and the step-up/estate-tax picture understood, the legal blockers to a sale are identified and in motion. The remaining decision is the commercial one: what is it worth, and do you fix it or sell as-is?
That’s where ClariDeed hands off — to the agent’s listing engine, with the legal & title work already done.