Buying out Sibling's share in house

xylophone

so I'm a bit confused by your statement that we could use the same one -

You have misunderstood.

I said

You will no doubt employ a solicitor to deal with the sale of your property - he could also act in the purchase of the property from your late MIL's estate.

The solicitor you employ would act for you in the sale of your property and for you in your purchase from the estate.

No doubt the executor would employ a solicitor to act for the estate in the sale of MIL's house.

getmore4less

EJennyJ wrote: »

My husband and his two siblings (one of whom is the sole Executor) have inherited their recently deceased mother's home, and in accordance with his mother's wishes (stated in the will), my husband (and I) would like to move into the house,

What does the will say?

This is critical to what happens next.

What terms say you can move in?

getmore4less

get best price really means acceptable to beneficiaries price.

if not happy with the probate valuation(if no IHT and valuer know they can aim high) then make an offer and let them try to get a better price. if they want.

selling buying and doing the place up need careful consideration.

Ask the question would you buy this house to live in(if it was not family)

most people move multiple times would you have to move again if you took this on?

50's is time to be looking for the next move to be the last.

EJennyJ

getmore4less get best price really means acceptable to beneficiaries price.

if not happy with the probate valuation(if no IHT and valuer know they can aim high) then make an offer and let them try to get a better price. if they want.

selling buying and doing the place up need careful consideration.

Ask the question would you buy this house to live in(if it was not family)

most people move multiple times would you have to move again if you took this on?

50's is time to be looking for the next move to be the last.

Hi GetMore4less

Yes, we would like this to be our final move is the answer to that one,not planning to move again!

redpete

From your posts it doesn't sound like you would be considering moving into this house if it wasn't the family home and your mil's stated wish that you should do so. I can't believe that wish obliges you to move and in the same circumstances I wouldn't want to, especially if you might actually end up worse off financially.