Q: 13 sibling own new orleans home,8 want no part of it.Can transaction be done to get this down to 5?
Can a sibling simply donate their share to the others that want to keep the house or must a dollar amount be given to the sibling that wants out?
A: Any that want to can deed their interest to the others. Have a lawyer prepare the deeds -- it's too easy to screw up. If the siblings will only sell after getting paid, that's their rght as a co-owner. Buy them out if you can. If some want to sell and others don't, the only way to force a sale is through a partition suit. You need to talk to a Louisiana real estate lawyer about your specific situation. Many offer free initial consultations. Good luck to you.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
