My mother left the house to the 3 of us children in 1/3s which we are thankful for, however brother J wants to sell the house. Mom is not deceased yet. The 2 of us do not want to sell the house as it's paid for, and because we will never be able to buy a home or anything on our own, and just for financial reasons altogether.
Is there a way that the will could be designed for all 3 of us but we cannot sell the house meaning keeping it? Or if my mom passes, do the 2 of us who want to keep the house have to fight this in court with J who wants to sell it?
The will would be working in J's favor then because he would be breaking our home. Please let me know of any information or references or of a good estate lawyer. Thanks.
2007-11-19 05:27:32 · 3 answers · asked by DREENA 2 in Politics & Government ➔ Law & Ethics
We cannot afford to buy out or take out a loan. Just not finanically set.
2007-11-19 05:35:04 · update #1
Buying out or taking out a loan to J would be over $400K that we could not afford to do nor would the bank give that kind of loan.
2007-11-19 05:42:47 · update #2
Transfer the house into the names of the 3 children. Then the one who wants to sell can't do that without the permission of the other owners.
2007-11-19 05:32:24 · answer #1 · answered by airjarrod 7 · 1⤊ 0⤋
Simple solution. You and your brother buy out J's equity in the house. This is the way it is commonly done with joint ownership.
2007-11-19 13:33:54 · answer #2 · answered by sensible_man 7 · 1⤊ 0⤋
Tell Mom to rewrite the will without him!
2007-11-19 13:36:47 · answer #3 · answered by Wounded Duck 7 · 1⤊ 0⤋