One of my neighbors died last year. He left no will. And that is causing some serious friction. His two sons want a house their father owned sold but the daughter isn't so keen on that. She's worried that her brothers may try to get her evicted. Since all of them are heirs and heiress, would the court favor the brothers should they promise that the proceeds from the sale would be shared equally amongst the three of them?
It's always more simply if they can figure it out on their own. Here it seems easy: the 2 brothers want to sell it and the daughter apparently wants to live there. So the daughter buys the 33.3% from each of the brothers and voila, she gets her house and the brothers get to sell their parts.
It is definitely easier if they figure it out amongst themselves. However, there may be some debate as to where everything is going because of greed issues. I have seen that happen multiple times, but usually it will settle itself out.
Sorry for the loss of your neighbor. Death can sometimes bring out the ugly in people and the parents did not do these kids any justice by not creating a will. I think the only thing they really can do now is sell the property and split it 3 ways. They should get an attorney to make sure everything is fair in the end. If one sibling gets too much control then the other 2 might be left with nothing.
I can only imagine what's going on in her mind [the sister]...i have been on the receiving end of such inheritance squabbles and in my scenario a will was in place but people were out for blood...i wish them all a peaceful transition henceforth {however they choose to deal with the property}...but such transitions are never neat and peaceful, i can attest
It's always sad to see sibling quibbling over things like this, but it's a sad reality. It seems to me the only solution is for her to buy her brother's shares, either that or pay them rent.
Going into court this is going to drag out for a really long time and probably also will take a huge tokk on the relationship of the siblings. I think the best way to is for them to sit down and talk it out. If the daughter really had enough money then maybe she should just pay her brothers their share.
I believe selling an inherited house is very important if you really need the money. Otherwise I do not think there is any need for such a thing. It sounds totally useless otherwise.
Once the house has been valued there are two options: Sister buys brothers out, as previously discussed or house is sold and split three ways. The courts would not favor any sibling. There was no will so the judge can only do what is fair and equal. Whilst the sister might be scared of losing her home, she needs to realise that it's not actually her property. If she cannot afford to buy the brothers out then she can use her portion of the proceeds to set herself back up.
