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What happens when deceased mom leaves home to her three children and one lives in the home?
Wiki User
∙ 15y ago
Legally, all three own an equal share in the home. The fact that one lives in the home is legally irrelevant. Before she died, one of the children was living in the mother's home, owned by one person. Now, one of the children is living in a home owned by 3 people. Property owned by multiple people or entities can make things challenging. As equal owners, all three children must unanimously decide to sell the home. In most states and situations, it is insufficient for one or two owners to decide to sell---all three must do that. It is ideal to get the property into one person's name only. This would mean two of the children would have to give up the rights to property (and probably they would want some compensation...to be "bought out"). To the original question, "possession is 9/10 of the law" isn't actually true. Just because one of the children is living in the house does not give that person a greater right to the property than the other two.
Wiki User
∙ 15y ago
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