If someone is part owner of a inheritated property,they can ask for their share by law?is this so?

Question

What happens if some of the other owners are unable to raise the capital to the value of the of that individual wanting to cash in,or they refuse to pay.?

Answer 1

It depends on how the property was inherited: if a person has an undivided interest (as tenant in common or jointly or even by the entireties or as community property -- the latter two are for spouses only) then it is possible to demand division of the property. There would be an appraisal and then, if need be, a forced sale.

If the property was inherited in trust -- whether testamentary trust or inter vivos -- then the answer depends on the terms of a trust. To give an example, wealthy (and not-so-wealthy) owners of vacation homes sometimes want to pass them on to future generations while preventing them from being sold off. A trust, often also using an LLC or other entity to own the land, can prevent that, and also prevent a forced sale if one of the beneficiaries files for bankruptcy or is sued, even for tax debts.

Answer 2

1.) Will she be in a lot of pain? No--as long as the vet gives you pain medication for her at home. Ask about this prior to the spay, she should have this for pain for 2-4 days at home. 2.) Should she be kept in her kennel for just a couple days so she can rest a bit? Yes, she should be kept quiet, no running or jumping, leash walked. I see she is an outside dog--she should be kept inside for several days (hopefully permanently!) after the spay to make sure her incision stays clean, and that she isn't too active outside. You need not clean or apply anything to the incision site at all, not even water. It should be kept dry and clean. If infection occurs, talk to your vet. 3.) How soon could she eat, after the surgery? (which I'm sure that she won't be very hungry right after) She may be hungry that night, but a small meal is best. Don't be surprised if she still has no appetite the day after the spay. Any longer than that, call your vet for advice. 4.) Do the vets usually keep her overnight? Some vets will keep a spay patient overnight, this is mainly to make sure that she is not overactive. However, I would ask if there will be staff overnight monitoring her. If not, and you can assure that she will be kept calm and monitored at home, then that might be a better option than staying the night. 5.) How long do the "stitches" stay in? Sutures are removed 7-10 days after the spay. Usually the follow-up visit with suture removal is part of the cost of the spay procedure. Your vet should give you information on monitoring the incision site, and what signs to look for as far as possible infection, etc. She should go home with an elizabethan collar (cone) to prevent her from chewing on the incision. A dog can rip out sutures in less than a minute, and to go back for her to be re-anesthetized & re-sutured would be expensive. Good luck!

Answer 3

Different appraisars would be called in, then a court will have to decide the fair value. If worse comes to worse, the court will order the property sold and the money divided as they say. Also, if anyone has a life estate then they get to live there come hell or high water regardless of what you want.

Answer 4

The property has to be sold and the money shared out as per the will.

Answer 5

In England the property would have to be sold, this can cause great distress if one of the parties is living in the house and maybe lived their all their life.
But the house would have to be sold and the money divided.

Answer 6

You can come up w/ a compromise. Let's say they rent out (a building,or house?) and pay you until able to sell or purchase from you. A lawyer can give you options other than forcing sale.

Answer 7

If the others cant buy them out the property has to be sold.

Answer 8

A good question but you do have a variety of answers depending on State law. You must seek answers within your State or else you are going to have erroneous, misdirecting answers.