Both of my parents have passed within the last year - and their estate has been left in 4 equal shares, one quarter to me and a quarter to each of my 3 sisters.
The issue is the home they left. I do not approve of what they intend to do with the home - they want to let 2 sisters live in the home, for an undetermined period of time. Myself, I would just like to be bought out, and be done with it. There is a good amount of cash being left to each of us, so the 3 sisters would have the available cash to perform a buy-out. I am only asking for $40K from each of them ($120K total) - this represents one quarter of the most recent appraisal done.
I have received paperwork the other 3 sisters have already signed, requesting the reassessment exclusion (I am in California) and to transfer the deed into 4 names. I feel that if I sign the paperwork, I am signing away any rights to continue to persuade them to buy me out - I will just be stuck with a home and be at their mercy as to when a sale or if a sale will occur.
Sorry for the long winded question - my attorney is out of town for the week and I am going crazy trying to figure this one out.
Thanks in advance,
Paula
The issue is the home they left. I do not approve of what they intend to do with the home - they want to let 2 sisters live in the home, for an undetermined period of time. Myself, I would just like to be bought out, and be done with it. There is a good amount of cash being left to each of us, so the 3 sisters would have the available cash to perform a buy-out. I am only asking for $40K from each of them ($120K total) - this represents one quarter of the most recent appraisal done.
I have received paperwork the other 3 sisters have already signed, requesting the reassessment exclusion (I am in California) and to transfer the deed into 4 names. I feel that if I sign the paperwork, I am signing away any rights to continue to persuade them to buy me out - I will just be stuck with a home and be at their mercy as to when a sale or if a sale will occur.
Sorry for the long winded question - my attorney is out of town for the week and I am going crazy trying to figure this one out.
Thanks in advance,
Paula
