If 2 siblings are left an acre lot with a beach house from their parents will, what can be done if one sibling wants to sell their part but the other doesn't want to buy the other sibling out? The land and house were left to both siblings.
Senior Member
Real Estate question
If 2 siblings are left an acre lot with a beach house from their parents will, what can be done if one sibling wants to sell their part but the other doesn't want to buy the other sibling out? The land and house were left to both siblings.
Black Duck
File a partition action.
Senior Member
Talk with your sibling first and try not to let a gift ruin a relationship. If the other side can't afford to buy it outright, try to find a compatible buyer who might want to go in halfsies.
Senior Member
Call me, I'll buy it out and partner with you. 50/50 split.
Senior Member
Moe, put me down for a weekOriginally Posted by SwampDecoy
Senior Member
Could the sibling wanting to sell their part, sell to anyone they wanted and force the other sibling to share half of the house and land with the buyer?
Rush Chairman
Sounds like somebody did a piss poor job of estate planning...
Senior Member
Yep
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Coot
This
It's not enough to simply tolerate the 2nd Amendment as an antiquated inconvenience. Caring for the 2nd Amendment means fighting to restore long lost rights.
Senior Member
Preach.
Senior Member
Great question for an attorney.
Where is the beach house?
Senior Member
I am not an attorney, you would need to ask them. BUT in my dealings, absolutely they can sell to anyone they want as long as the Deed actually gives them 50% Ownership, UNLESS the Deed has a Restriction placed on it by your parents, who can and when sell. All of that would have to be spelled out in the deed/transfer of ownership.
Banned
not necessarily
what parent would think one of their siblings would act like such a bitch?
Ugh. Stupid people piss me off.
Coot
Count on it.
It's not enough to simply tolerate the 2nd Amendment as an antiquated inconvenience. Caring for the 2nd Amendment means fighting to restore long lost rights.
Rush Chairman
I imagine if one were to delve into the situation, one would not have to go too deep to find one of these behind the whole problem in the first place...
No Loaf'n
You know which one is gonna be trouble.
If my parents did that to me I'd revive them and re-kill 'em for making me deal with my sister in a financial matter. I'd rather have a kidney stone and ingrown toenails than to deal with that.
Housewife Humper
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I love Defenseless Animals... Especially in a good gravy<br /><br />When I wake up in the morning I piss excellence
Senior Member
Damn- it seems like it always ends up like this, I hope for the best for you.
Old, But Not Retired
Our parents left several properties (rural tracts - no beach house!) to my sister and me. We shared, and managed, undivided interests in all the properties for over 25 years and never had a disagreement or cross word about any of it.
About eight years ago we decided on a plan to divide the properties so that we could prepare our wills. We then "swapped deeds" to clarify and memorialize the tracts that each of us now owns. Not saying that we are saints or perfect people, but I feel very fortunate to have had a good experience in this matter. We have seen other families literally torn apart due to squabbling over what Dad and Mom worked a lifetime to leave them as an inheritance.
That said, when my wife and I had our wills drawn we were careful to specify which tracts and parcels pass to each of our children.
That the Tiger's roar may echo.....
Village Idiot
There's always more to the story.
Jozie's idea seems to be pretty logical.
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