Q: My mother passed away this year in Maricopa county. Her house has about $144k in equity and I want to buy out 2 brothers
I am the personal rep of her estate. Will I need to do Deed of Distribution and quitclaim deeds for the two brothers? Also, one is in jail so what happens to his part of the buyout and how do I get those forms signed?
A: The buyout can take various forms. The most straightforward version is to buy it from the estate for fair market value. The estate would then later split the money when the time comes.
A:
I am so sorry for your loss.
Real estate is complicated and having one sibling in jail makes this transaction very complicated. I urge you not to attempt this yourself.
I advise you to work closely with an attorney and a title company.
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