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Can a beneficiary demand buyout from inheritance My sister is wanting to be bought out from estate can she force sale if I am 2 3 owner and she is 1 3 owner?
Wiki User
∙ 16y ago
I take it you are talking about an interest in real estate. Neither one of you has the right to force the other to do a buy-out, regardless of the relative percentages of ownership. However, each owner has the right to take the matter into court in what is known as a partition action. The court will not "partition" the property physically but it can force you both to sell the property either through a private bidding process (bidding just between you two), or a public bid (bidding open to outsiders as well). The court will partition the proceeds of the sale in the appropriate percentages. It comes down to who wants the property more.
Wiki User
∙ 16y ago
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