My Mother died last year, June 2016. There were 3 children, all on title of the farm property. My sister died this past March 2017. My sister was dropped off title of property. I want to live on the property, sentimental. The property has a value of abt $120,000.00. I want to pay him $10,000 every few mths for his share. I have a home to sell, and then will give him full payment for his share of the property. He wants to nickel and dime me. Pay him rent money plus the full value of his share. And money made from hay, which is $225.00 this year. I asked if he would set up a bank account I would then make deposits. Help please.
My brother would have been happy if all of died and he inherited it all.
I thank you.
The question does not make legal sense. As the sister outlived the parent the sister's name cannot simple "drop off." Further, it is not clear if the property was probate or TOD. If probated, probates courts are liquidation courts. They exist to effectively and efficiently liquidate an estate's assets. Therefore, unless all creditors and beneficiaries and the court agrees a probated estate will not accept a buy out over time. It will require an immediate flat purchase of the other sibling's share. A visit with an experienced probate attorney would be money well spent.
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