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Buying out siblings
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allroundgoodguy
Posts: 37 Forumite
Trying again in another thread.
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Trying to understand what you're hoping to accomplish. You want to buy out your brothers so you can turn around and sell the property? At a lower price?
What happens if the property is not sold? Council tax and the rest will still need to be paid so the estate will dwindle in value. Why don't you walk away and leave it up to them to sort out?I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Is there any other money/ value in the estate where you could get your £130k and leave them the house?
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Thanks, because I want, and need earlier, the funds. It's fair enough they want to wait, but they are stalking. I'm prepared to take a bit, not huge, hit to get things moving.Brie said:Trying to understand what you're hoping to accomplish. You want to buy out your brothers so you can turn around and sell the property? At a lower price?
What happens if the property is not sold? Council tax and the rest will still need to be paid so the estate will dwindle in value. Why don't you walk away and leave it up to them to sort out?0 -
Thanks, there is nothing else unfortunately.sheramber said:Is there any other money/ value in the estate where you could get your £130k and leave them the house?0 -
Hang on in your first post you say there was no will then you go on to talk about executors.
No will , no executors, just an administrator.
So was there a will or not?If you go down to the woods today you better not go alone.2 -
Thanks, slipped into the general terminology. No will. I did the Probate and got the letters of administration. We're jointly administrators.Grumpelstiltskin said:Hang on in your first post you say there was no will then you go on to talk about executors.
No will , no executors, just an administrator.
So was there a will or not?0 -
OK If you read this section you will realize you are not the only one with problem siblings.
Deaths, funerals & probate — MoneySavingExpert Forum
If you go down to the woods today you better not go alone.0 -
Thanks, obviously I'm aware I'm not the first or last. Which Is why I'm hoping I might be missing a solution that fits my circumstances.Grumpelstiltskin said:OK If you read this section you will realize you are not the only one with problem siblings.
Deaths, funerals & probate — MoneySavingExpert Forum0
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