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  1. #1
    Join Date
    Dec 2005
    Location
    san diego
    Posts
    5

    Default Sell of House

    Thank you for your info. Very helpful. last question.Mom,s estate consists of cd,stock,bonds 2 checking accounts with cash and a $1,000,000 house. House will either be sold or bought out by older brother. Can monies be divided now , then sale of house devided later? Also, brother wants to buy us out how do we know what a fair buyout is? Thanks.

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

    Default Re: Sell of House

    Quote Quoting dawn123
    Can monies be divided now , then sale of house devided later?
    Normally, the estate would be settled with debts and taxes paid before money is distributed. You previously indicated that the lawyer for the estate did not want money distributed at this time - it seems unlikely that money will be distributed before the lawyer tells your brother to proceed with distribution.

    Quote Quoting dawn123
    Also, brother wants to buy us out how do we know what a fair buyout is?
    You either agree upon a price, or get an appraisal (ideally, jointly selecting an appraiser and agreeing to follow the appraiser's valuation).

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