Q: B.I.L. & daughter inherited home. He wants to live there. Appraisal done. How do we determine split if sold in future?
Daughters grandmother (my M.I.L.) died suddenly and w/o a will. Brother-In-Law has little $ currently to buy may child out. He wants the home. He will do repairs while living there. How do we calculate her split of $ in the future if appraisal increases due to equity and time? The main point is that B.I.L. will buy supplies and put the sweat effort into the home. I am not pushing the immediate sale because he needs a place to live. Compensation for patience should also be rewarded just don’t know how to calculate and word in an agreement. (Daughter is only child with my husband/ her father, at time of his passing.)
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.
