Q: Can I buy my grandparents home that’s in probate court if my brother can’t come up with the money?
We are currently awaiting a court date. My brother is living in the home, has done some work on the home and refuses to pay me half the value of the home. The will states that our grandfather’s assets be divided evenly among my brother and myself. I’m thinking of purchasing the home if he doesn’t get a loan.
A:
This depends somewhat on how the will is worded. If the will requires the sale of the home and division of the proceeds, then that is what needs to happen. You can be the buyer with court approval.
If the will just says you each get half, then when the probate is completed you two will end up as co-owners. If your brother refuses to sell to you then you can sue him in what is called a "partition action" to obtain a court order to force the sale.
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A: Because the Will declares that the assets are to be divided evenly between yourself and your brother, the home should be sold in a manner that brings the most money into the estate. Many times, that means selling the home to a family member because there are no selling costs incurred when simply transferring the house to one of the family members. If you and your brother agree that he can buy the home, congratulations. If your brother cannot obtain financing, he should offer the same deal to you. IF he refuses to do that, you should ask the probate court judge to order him to make the same offer available to you.
1 user found this answer helpful
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