Q: Question about selling interest in home to Co-Personal Representative
My Mother died and my sister and myself were listed in the will and trust as Co-Personal Representatives and we are the only Beneficiary in an informal probate in Denver. My question is that my sister resides in our Mothers house and I granted her a year of living rent free which at the end of a year the house would be sold. She would really like to stay in the house and I was wondering if there was some way of selling her my half interest in the home? If this was possible to do, what steps need to be taken and what would the timeline be. Would a probate Lawyer be able to handle this completely without involving a Realtor? The Title to the house is in my Mothers name.
A: What you want to do is possible, yes. The correct steps are first complete the informal probate process to get the house titled to your two names. Then hire a real estate attorney to help you deed your share of the house to your sister after she has paid you the agreed purchase price. A realtor does not need to be involved, but you should involve a real estate attorney to make sure it is done correctly.
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