Inheriting Contaminated Property: A Blessing Or A Curse?
Too often, even seemingly ?clean? commercial properties have some environmental concerns. Moreover, because environmental laws have only been around for a few decades, the longer ago the property was being used for commercial purposes, the more likely it may be that it is contaminated. The question this article tries to address is what would one do if inherited such a piece of property? This article will explain the potential liabilities associated with inheriting contaminated property ? and discuss various options on how to minimize or avoid that liability altogether.