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Adult Children-Equal share family home.

  • 10-04-2021 09:16PM
    #1
    LMC7
    Registered Users, Registered Users 2 Posts: 30 ✭


    Hoping for some helpful advice on this one...

    Parents died within an 8 month period both leaving no will.
    There are 7 adult children now with an equal share each,whilst things are amicable right now there is no talk about keeping or selling.
    One sister currently lives there but is not in position to buy the others out.

    What would the situation be if a minority (1 or 2) wanted to sell,would it have to be put on the market?


Comments

  • #2
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 6,705 ✭✭✭Claw Hammer


    LMC7 wrote: »
    Hoping for some helpful advice on this one...

    Parents died within an 8 month period both leaving no will.
    There are 7 adult children now with an equal share each,whilst things are amicable right now there is no talk about keeping or selling.
    One sister currently lives there but is not in position to buy the others out.

    What would the situation be if a minority (1 or 2) wanted to sell,would it have to be put on the market?

    Any one of the co-owners can demand a sale. It is also possible that a share could be bought out by one or more of the others buying it.


  • #3
    chunkylover4
    Registered Users, Registered Users 2 Posts: 243 ✭✭chunkylover4


    Has a grant of probate been taken out yet?


    LMC7 wrote: »
    Hoping for some helpful advice on this one...

    Parents died within an 8 month period both leaving no will.
    There are 7 adult children now with an equal share each,whilst things are amicable right now there is no talk about keeping or selling.
    One sister currently lives there but is not in position to buy the others out.

    What would the situation be if a minority (1 or 2) wanted to sell,would it have to be put on the market?


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