Equal group inheritance

buiscuit2168

Myself and my two sisters have inherited the family home equally. Can one decide to sell or is a joint decision. One of my sisters are being unreasonable saying she can inform the solicitor to sell, I would have thought when the solicitor is instructed he will only do so on a majority.

huskerdu

lovetheanimals wrote: »

Myself and my two sisters have inherited the family home equally. Can one decide to sell or is a joint decision. One of my sisters are being unreasonable saying she can inform the solicitor to sell, I would have thought when the solicitor is instructed he will only do so on a majority.

Who is the executor ? Is it the solicitor ?

It is the executors job to distribute the estate.

The three of you are entitled to your inheritance. In general, if your sister wants to liquidate it, she is entitled to insist that the house is sold so she can get her third of the value of the estate.

This is the case if the wording of the will is simple and leaves the estate to you all with no caveats.

The solicitor needs to give you exact legal advice on the wording of the will,

Ken.

This isn't legal advice, just personal. If you want to keep the house in the family about the only option you have is for you and the other sibling to buy out the one wanting to sell. You could try stop her selling it but only the solicitors make money. I know of one case where the solicitors took the land that was being contested to pay their fees. No one won there.

coylemj

Keeping it strictly hypothetical (I'm not the OP), if three siblings inherit a house from a parent, let's assume that none of them lived in the house immediately prior to the last parent's death and they fall out with one another to the extent that two of them refuse to sell up (say they just want to wait for the market to improve), what can the third sibling do to force an immediate sale?

Or in another scenario, one of the siblings (A) wants to buy out the other two and gets a bona fide valuation provided by a local auctioneer who isn't in anybody's pocket. Sibling B is prepared to accept this valuation and take 1/3 of the estimated value in cash from A but the third sibling (C) reckons he/she is being stitched up and insists on sale by public auction.

vinnie13

if one decided to sell unlees the other two can come up with the cash to buy the share

Kristopherus

vinnie13 wrote: »

if one decided to sell unlees the other two can come up with the cash to buy the share

And............

buiscuit2168

Kristopherus wrote: »

And............

Ditto.............