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My father made me joint owner of his property before he died and now my siblings want a share of his estate. What should I do?
If your father transferred his property to you and he as joint tenants with the right of survivorship his interest passed automatically to you when he died. You are the sole owner of his property and there is no estate that needs to be probated. He wanted you to own the property. You have the right to explain that to your siblings and turn down their requests for a share of his estate. Depending on the size of the estate, you could volunteer to share but no one has the right to demand a share.
How can I use a home equity loan to buy out my siblings' share of our inherited property?
You can use a home equity loan to buy out your siblings' share of inherited property by borrowing against the value of your home. This allows you to access funds to pay off your siblings and become the sole owner of the property.
What happens if siblings inherit property share and share alike and then later one dies?
Their share becomes a part of their estate.
When the property is in my name can my brother apply for the court asking for a share?
If a property is transferred to you or you are the sole owner of this property, your brother cannot seek help from the court for a share in property, until and unless there is a document supporting his claim.
How can I buy out my siblings' share of the house fairly?
To buy out your siblings' share of the house fairly, you can hire a real estate appraiser to determine the current market value of the property. Then, you can offer to pay your siblings their share based on this appraisal. It's important to communicate openly and negotiate in good faith to reach a mutually agreeable price.
Can I buy out my siblings in an inherited home?
Yes, you can buy out your siblings in an inherited home by offering them a fair price for their share of the property. This process typically involves negotiating with your siblings and reaching an agreement on the terms of the buyout.
How can I ensure a fair buyout of my siblings' share of the house?
To ensure a fair buyout of your siblings' share of the house, you should consider getting a professional appraisal of the property to determine its current market value. You can then negotiate with your siblings based on this valuation to come to a fair agreement on the buyout price. It's important to communicate openly and transparently with your siblings throughout the process to ensure fairness and avoid any misunderstandings.
Does an executor need signatures from his siblings to release his property share?
The person named as the executor of a will does not need the signature of siblings to perform this function UNLESS they too are named as executors in which case the signatures of ALL the executors are required to dispose of the estate.
Can full siblings share 25 of their DNA?
Yes, full siblings typically share about 50 of their DNA, which means they can share up to 25 of their DNA from each parent.
Can a sibling sue another sibling for interference with inheritance?
That's the decision of the executor of the estate. If the other siblings want to keep the property, they would have to pay the other for their share.
If your mother put her house in her son name and she died does her other children have rights to their share of home?
Generally, if your mother conveyed her real property to her son before she died and she was legally capable of doing so then the property belongs to him. The other siblings would have no right in or to the property.
Can siblings force a sale of inherited property in Indiana?
It depends on how the estate was distributed. If the property was left to a specific person, no, they cannot force the sale. If it is part of the estate in general, they can force the sale or require the person who wants it to pay them for their share.
