Arvada, CO asked in Estate Planning for Colorado

Q: My mom is doing her will. Her house is paid for. I and my sister live with her. When she passes she want us to

Be able to stay in it for at least 5 yrs before being sold and then it would be split 4 ways with my other sister and brother. The attorney says it has to be sold within 2 yrs. Is that true

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1 Lawyer Answer

A: With a will alone, 2 years is the normal cut-off for transactions to occur. Of course there are always exceptions... If 5 years is desired, the creation of a trust can achieve the desired timing. Since the lawyer is representing your mother, you will either need to hire your own attorney to provide specific guidance to you or have your mother present (and consent) with her attorney to discuss the 5 year holding period as part of your mother's representation.

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