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  1. #1
    Join Date
    Feb 2011
    Posts
    1

    Default Confusing Land Inheritance

    My question involves real estate located in the State of: Texas

    five siblings just inherited 20% each of 12.634% of five parcels in five different counties in Texas. this has been sitting my my grandmothers estate for many many years. the estate has been handled by a large bank trust division. now it has been handed over to the five siblings. the bank has not been paying any taxes. has had liability insurance. they have no clue who owns the rest of the shares. surface rights only. why would anyone want to own something with little to no value and then just a percentage. how the heck can i get rid of this....or find out if it has any value at all...which i doubt.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Confusing Land Inheritance

    If you don't want to inherit the interest in the land, decline the inheritance. If you choose (or chose) to accept the inheritance you would have to tell us " why would anyone want to own something with little to no value and then just a percentage" because that's what you have chosen to do.

    If you chose to accept the inheritance and now want to get rid of your share, ask one (or more) of your siblings if they'll accept a quit claim of your interest.

    If you want to know the value of your interest in real estate, the best way to find out is to have it appraised.

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