Longmont, CO asked in Estate Planning for Colorado

Q: want to get out of co-ownership of house in Colorado Springs. My sister and brother are co-owners

My brother lives in the house. I want him and my sister to be co-owners . How do I get out of this situation the simplest way possible. Am willing to sell it to my sister for $1.00 or whatever is required.

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1 Lawyer Answer
Michael Joseph Larranaga
Michael Joseph Larranaga PRO label
Answered
  • Parker, CO
  • Licensed in Colorado

A: You need to talk to an attorney ASAP. Believe it or not, you may be in a really good situation since you all currently agree. Once, everyone disagrees it becomes a nightmare.

If you want off the property, you may be able to sell or gift your interest to them. Either way, you want a contract, and you will need all the associated real estate documents. Most real estate attorneys should be able to handle this. I practice in this area as well. Please feel free to reach out.

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