What to do if there are 3 siblings who are equal co-executors and 1 of us wants our fathers condo but the other 2 want out?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

What to do if there are 3 siblings who are equal co-executors and 1 of us wants our fathers condo but the other 2 want out?

We are being told we either have to share the condo with her or she can have it but we then get less than her. She gets all of her share of the monies left and the condo. How is that fair? Is that true? We have asked to be bought out and she refuses and on top of that is demanding we gift it to a third party and still pay monthly costs.

Asked on April 24, 2012 under Estate Planning, Virginia

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

I am so sorry for you loss and for the problems.  You would have to bring ana ction for partition if you are all the owners of the property.  An action for partition asks a court to split assets that are jointly owned in equal shares.  With property that can not physically happen so the courts will generally order it sold and the proceeds split.  There are elements of the action that have to be proven like that it is a burden financially.  And you could be bought out and you do not have to gife it to her.  Get help.  Good luck.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption