Siblings dont want to sell fathers property, I do

ness3765

My father has left 30% of his property to myself,20% to my brother & 50% to my sister. I do not have a relationship anymore with me siblings. They wish to keep my fathers property, but I want to sell it. I don't know where I stand on this. Advice appreciated pleasebefore I go back to my fathers solicitors

PasturesNew

This is why wills are often not great... he should have said in the will it should be sold and the proceeds divided by those %ages.

What do they plan to do with it?

Would either/both of them buy your 30% from you?

PlymouthMaid

I think unless they will buy you out, they have no choice but to sell it as you are entitled to realise your inheritance.

Mojisola

PlymouthMaid wrote: »

I think unless they will buy you out, they have no choice but to sell it as you are entitled to realise your inheritance.

By transferring the property into the three names, the executors will have given ness3765 his/her inheritance.

I think the only options are to ask them to buy you out or take them to court to force a sale.

ness3765

My siblings would look to rent it. Unfortunately for the last 18 months I do not have a good relationship with my siblings, so I am not feeling positive that they would buy my 30% share as they would not want to make things easy for me.

ness3765

Mojisola wrote: »

By transferring the property into the three names, the executors will have given ness3765 his/her inheritance.

I think the only options are to ask them to buy you out or take them to court to force a sale.

I expect going down the court route could end up being an expensive one.

Mojisola

ness3765 wrote: »

My siblings would look to rent it.

If they want to rent it out, as one of the owners, wouldn't you have to sign paperwork as well as them?

If it's a case of buying you out or having the house stand empty, you could have a bargaining chip.

ness3765

Mojisola wrote: »

If they want to rent it out, as one of the owners, wouldn't you have to sign paperwork as well as them?

If it's a case of buying you out or having the house stand empty, you could have a bargaining chip.

Thank you Mojisola, I hadnt thought of that.

After your suggestion of going down the court route, I could ask a solicitor to write to them to let them know that I would consider court and hopefully that might make them reconsider.

I will find out at the end of this month what they have decided, the review my options from there.

Mojisola

ness3765 wrote: »

After your suggestion of going down the court route, I could ask a solicitor to write to them to let them know that I would consider court and hopefully that might make them reconsider.

Discuss it with the solicitor first and take his/her advice. It might be better to start softly so that, if it does go to court, you can show that you have been reasonable in your requests.

Going to court will cost you and should be looked at as a last resort.

RAS

ness3765 wrote: »

I will find out at the end of this month what they have decided, the review my options from there.

I would suggest that this is a recipe for futher upset.

You need to make explicit now your requirement for the capital to be released from the property.

That way your siblings can take time to consider how to achieve this and their desired outcomes.

If you wait until they have made decisions based on the assumption that they will be able to persuade you to keep the property they will get anger and frustrated at the waste of their time.

Mojisola

RAS wrote: »

You need to make explicit now your requirement for the capital to be released from the property.

That way your siblings can take time to consider how to achieve this and their desired outcomes.

I agree - you need to make it clear as soon as possible that you do not want to become a landlord and want to liquidise the 30% of the house that you have been left.