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Can one heir force three heirs to sell property if they want to keep it?
Wiki User
∙ 10y ago
Not really, but they will have to buy the third persons share of the property from them. The price would have to be a fair market price and approved by the court.
Wiki User
∙ 10y ago
In most cases, one heir cannot force three other heirs to sell a property if they want to keep it, unless specified in a legal document or through a court order. All heirs typically have equal rights to the property and must come to an agreement on its disposition. If an agreement cannot be reached, a mediator or legal action may be needed to resolve the issue.
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Can 1 heir sell property out of five in Ohio?
Yes, in Ohio, if there are multiple heirs to a property, one heir can sell their share without the consent of the other heirs. Each co-owner has the right to sell or transfer their interest in the property without approval from the other co-owners.
What is property that descends to an heir called?
Property that descends to an heir is called inherited property or ancestral property. Upon the death of the original owner, the property passes to their heirs through the process of inheritance.
Do all heirs have to agree to the sale of property when there is no will?
Yes, all heirs typically need to agree to the sale of property when there is no will. Each heir has a legal right to inherit a portion of the property, so their consent is usually required for any decision regarding the sale of the property. If an agreement cannot be reached, a court may need to be involved to determine the outcome.
When an acre of land has been lived on solely by one heir for ten years all other heirs but two have signed land over to resident heir what are the rights of the two heirs who haven't signed?
The two remaining heirs still hold legal rights to the land, even if they have not lived on it. They cannot be forced to sign over their rights without their consent. They may have the option to claim their share of the inheritance or negotiate with the resident heir for compensation. Legal advice should be sought to explore options for resolution.
Who is considered an heir?
An heir is a person who is legally entitled to inherit the assets, property, or titles of a deceased person according to the laws of intestacy or through a will. The designated heirs can include family members, relatives, or individuals named in a deceased person's estate planning documents.
In Pennyslvania can one heir mortgage heir property without other heirs agreement?
A single heir can only mortgage their interest in the property. For example, an heir with three other heirs only owns a 1/4 interest. Most lenders will not loan money on a proportionate interest in real property.
What is an heirs deed?
The heir deed is property that is actually divided among the legal heirs of the late person, according to his will.
Can an executor of a will who is a husband of one of three heirs transfer property to himself as long as the othr two heirs get their part of the appraised value?
It is common for one heir to buy out the others on property. As long as everyone is in concurrence with the transfer, no problem.
Can 1 heir sell property out of five in Ohio?
Yes, in Ohio, if there are multiple heirs to a property, one heir can sell their share without the consent of the other heirs. Each co-owner has the right to sell or transfer their interest in the property without approval from the other co-owners.
What if an heir doesn't want any part of the property proceeds?
They can decline it. It will be distributed across the other heirs.
Who pays the property taxes on heir property when one of the heirs are living at the property?
The decedent's estate must be probated in order for legal ownership to pass to the heirs. The legal owners are responsible for paying the taxes. If one heir is living on the premises they should all make up an agreement in writing as to who will pay the expenses.
When an acre of land has been lived on solely by one heir for ten years all other heirs but two have signed land over to resident heir what are the rights of the two heirs who haven't signed?
The two remaining heirs still hold legal rights to the land, even if they have not lived on it. They cannot be forced to sign over their rights without their consent. They may have the option to claim their share of the inheritance or negotiate with the resident heir for compensation. Legal advice should be sought to explore options for resolution.
Can property be sold if an one of the heirs dies without a will?
Certainly. The heir's portion will become part of their estate and distributed accordingly.
Can you own the property of a deceased person if you are an heir to the property?
A decedent's property passes to their heirs according to the provisions in their will or according to the state laws of intestacy if there is no will. An estate that has real property must be probated in order for legal title to pass to the heirs. Once the estate has been probated the heirs are the legal owners of the property. You can check the state laws of intestacy at the related question link provided below.
What is escheatment?
Historically, under feudal law when a land tenant died without heirs the land would escheat back to the lord. Today when a person dies with no heirs their property escheats to the state. If a legitimate heir comes forward later with proof of their relationship they can claim the property. The state has no interest in taking property from rightful heirs.
If one heir of 6 is purchasing the property from the other 5 heirs and each is to get a percentage from the sale does the heir that is buying the property still gets his or her share?
The one heir would already own a 1/6 interest. Therefore they would only pay 5/6 of the fair market value of the house for the other five shares. They would need a deed signed by the other five heirs
What happen to property when a heir can not be find?
When a person dies owning property and there are no known heirs the property 'escheats' to the state. If one of several heirs can't be found their portion can be placed in an interest bearing account supervised by the court. If there is real property involved the executor must obtain a license to sell the real estate and the missing heirs portion can be placed in an account as stated above.
