Can i forfeit my share of my fathers estate? It has gone through probate & the property has split equally amoung the heirs.
Question Details: After probate, the property was split equaly amoung 7 heirs, I believe it is called a "tenant in common". I was named head of the estate & I have tried desperately to sell the property. However, my siblings will not agree on a price. In the past 2 years, I have paid the expense on the property upkeep; property taxes, lawncare, etc. I know the estate will reimbuse me on expenses, but the other heirs will not allow me to sell it. It has become a financial burden on me. I would like to simply forfeit my share & let my siblings fight amoung themselves.
Wills, Trusts, Probate Law Answers
I am a lawyer in CT and practice in this area of the law. you are permitted to disclaim your rights to property that is to be distributed in probate, such as under a will. I suggest that you truly think about the inheritance right that you were given and decide whether you really want to relinguish that right to the property. there may be ways to resolve disputes that have not been thought of or posed. if your siblings cannot agree on a price then perhaps once of them or you would buy the other's interest in the property to end the dispute. There are other methods that can work however, if you want to disclaim your rights you can file a letter with the probate court and it will take notice accordingly.
Related Wills, Trusts, Probate Questions
Didn't find your answer? Ask.
Top Ranking Attorneys
- Hong Shen205 Answers|Points 10250Gold Contributor
- Joseph Gasparrini46 Answers|Points 2200Bronze Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga66 Answers|Points 3250Bronze Contributor
- Shawn Jackson17 Answers|Points 850Bronze Contributor
- Glenn M. Lyon, Esq.25 Answers|Points 1230Bronze Contributor
- Hong Shen205 Answers|Points 10250Gold Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga66 Answers|Points 3250Bronze Contributor
- Sharon Siegel62 Answers|Points 3090Bronze Contributor
- Michael D. Siegel56 Answers|Points 2750Bronze Contributor
- Paula McGill50 Answers|Points 2500Bronze Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here
More Questions Like This...
- Questions from Oklahoma
- Wills, Trusts, Probate Law Questions
- Oklahoma Wills, Trusts, Probate Law Questions
 |