My mother's will states the house will be sold and the proceeds divided between 7 children after bills paid. My cousin, a CPA is the executor of the will and wants us 7 kids to quick claim the house to him so he can sell it ad pay the bills and divide the rest between us 7 children.
2006-09-12 05:17:42 · 3 answers · asked by nancycarol003 1 in Business & Finance ➔ Personal Finance
My cousin said it was my mother's lawyer's suggestion this way the could avoid probate...any help out there???
2006-09-13 15:06:00 · update #1
First of all -- why is the cousin wanting the "Quit Claim" -- sounds to me like a problem in the making -- do you TRUST this cousin???
As the Executor of the will -- he should be arranging with a Realtor to have the house put up for sale, and the furnishings going to an estate auction -- and NONE of you siblings HAVE to sign ANY DOCUMENT to do this --
Let me repeat -- NONE of you have to sign ANY Quit Claim or other documents -- the will will dictate the terms of the sale -- and NO document should be signed UNLESS it is ALL of you signing for the SALE of the HOUSE to a VALID and QUALIFIED BUYER!
2006-09-12 07:43:58 · answer #1 · answered by sglmom 7 · 0⤊ 0⤋
I would let a realtor sell the house and keep it as an estate.
2006-09-12 12:25:29 · answer #2 · answered by mrsdamico22 3 · 0⤊ 0⤋
it is usually not very fast
2006-09-18 09:19:36 · answer #3 · answered by david w 5 · 0⤊ 0⤋