Pampa, TX asked in Family Law, Real Estate Law and Probate for Texas

Q: What form can I use for sibling inheritance buyout real estate form

My sister wants to buyout my half of house that we both inherited. What form can I use to put it In writing

1 Lawyer Answer
John Cucci Jr.
John Cucci Jr. pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
Answered

A: I couldn't give you the name of any particular form for the transaction you wish to make with your sibling. There are many issues to consider. Without a full review and search of the records and deeds regarding the property, and the manner in which your parents received the property, I could not advise you which form to use.

That being said, generally, you need to transfer your 50% interest to your sister. That is a relatively simple transaction, but did your parents have a Will? Did anyone open up an Estate in court? Are there any liabilities on the property, or liabilities left by your parents that have resulted in a lien on the property? There is some research to do to protect both of you. I suggest you see a lawyer who knows property law, and let them draw-up what documents you need. it should be a low fee for that type of transaction.

Good Luck!

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.