|
Replies: 12
| visibility 1913
|
Paw Master [17536]
TigerPulse: 100%
51
|
Anybody been tangled up in a jointly family owned property
1
Jul 16, 2025, 10:50 AM
|
|
that ultimately had to go the Partition to sell route. My wife may have to go down this path although everyone loses with a court forced sale.
I'm curious how long it took to get things settled. A buy out of those wanting out at fair market value would be the simplest move, but nope, that's being resisted even though the money to make this happen is there and then some.
|
|
|
|
 |
Game Changer [1706]
TigerPulse: 100%
31
|
Re: Anybody been tangled up in a jointly family owned property
2
Jul 16, 2025, 11:22 AM
|
|
We didn’t get that far. We negotiated who got what part of land. It was tough and feelings were hurt. We had three parts to divide but 1/3 was four grandchildren.
Still family members are not talking today.
|
|
|
|
|
|
Ultimate Tiger [35182]
TigerPulse: 100%
56
Posts: 37094
Joined: 2003
|
My friends had similar issues when their parents passed.
1
3
Jul 16, 2025, 12:02 PM
|
|
I already had short discussion with my sister's about it. I told them our parents should split the estates between the grand kids. My sisters didn't like that all all.
So...i told my parents/step parents to Make a will.. spell it out. And don't say simple stuff like. "SHARE IT EQUALLY". .
If my sisters get more than me I can hate my parents, nor my sister's. There are a couple things my dad has that I think should stay in my family. If he gives those to my step brothers in going to bury him next to a democrat.
|
|
|
|
|
|
Hall of Famer [8218]
TigerPulse: 100%
43
|
Re: My friends had similar issues when their parents passed.
1
1
Jul 16, 2025, 12:33 PM
|
|
Family >> Stuff. Including land.
|
|
|
|
|
|
Heisman Winner [87342]
TigerPulse: 100%
62
Posts: 10262
Joined: 2015
|
Re: Anybody been tangled up in a jointly family owned property
4
Jul 16, 2025, 11:48 AM
|
|
If the person that passed had any idea how the estate ripped the family apart, she would have donated it to charity. Wifes Brother stole 1.2M before her Mother passed. Haven't spoken to anyone in his family since, over 10 years. Just remember what you are going through and make SURE it doesn't happen to your estate. Money makes evil rise in otherwise good people.
|
|
|
|
|
|
Orange Immortal [62383]
TigerPulse: 100%
60
Posts: 45932
Joined: 2003
|
You got that right...but the evil was there to begin with....***
Jul 17, 2025, 9:48 AM
|
|
|
|
|
|
|
|
Paw Warrior [4830]
TigerPulse: 100%
37
|
All the money isn't worth the breaking up of family.
4
Jul 16, 2025, 12:15 PM
|
|
Death of parents can either blow the family up or bring a family closer. I am blessed that our family chose each other, over the money. We all did pretty well with no hard feelings. Was there compromise, yes, but in the long run it was the best choice made.
|
|
|
|
|
|
Paw Master [17536]
TigerPulse: 100%
51
|
Agree, just don't want my kids to have to deal with this down the road
Jul 16, 2025, 1:17 PM
|
|
It's more complicated than usual as my wife and siblings are all in agreement. The problem is one of the siblings has 2 kids that inherited a significant portion of this land and they are in no rush to sell, but don't want to buy anyone out.
I am indeed fortunate to have only one sibling who is an incredible human being. We have had zero issues with my parent's estate.
The amount of money that my wife would receive is not a huge sum. She just wants out before one of her siblings dies, as all of them are between 65-75, and even more people are brought into the mix, some of whom are not legally incompetent, but are mentally ill.
|
|
|
|
|
|
National Champion [7305]
TigerPulse: 100%
42
|
Re: Agree, just don't want my kids to have to deal with this down the road
Jul 16, 2025, 1:36 PM
|
|
I believe you know the answer. You are going to have to go the partition to sell route. Once the process gets started, the two kids that are resisting may change their minds but, don’t count on it.
|
|
|
|
|
|
Top TigerNet [32272]
TigerPulse: 100%
55
Posts: 23269
Joined: 2007
|
Re: Agree, just don't want my kids to have to deal with this down the road
Jul 16, 2025, 2:51 PM
|
|
We had a simple inheritance. Sell all the real estate, household furnishings, and personal property such as cars, etc. and divide the sum total by the 3 children. No problems whatsoever. I feel for you because inheritance has caused a lot of problems in families. I have never understood how parents give more to one child over the other if there are no negative circumstances.
|
|
|
|
|
|
Walk-On [116]
TigerPulse: 100%
11
|
Re: Agree, just don't want my kids to have to deal with this down the road***
Jul 16, 2025, 3:10 PM
|
|
|
|
|
|
|
|
TigerNet Elite [70894]
TigerPulse: 100%
61
Posts: 91284
Joined: 2001
|
Been there and done that!
Jul 17, 2025, 9:43 AM
|
|
The time it takes to adjudicate a "Petition to Sell" varies greatly depending on the type of petition, the complexity of the case, the court's schedule, the specific laws of the jurisdiction, and the level of cooperation among the parties involved.
In our case, the judge acted more like a mediator or arbitrator. He tried to vet every imaginable alternative (buyout, physically dividing, etc.) before finally ordering the sale. Then, it took him months to decide on the method of the sale (public auction, private sale, etc.).
All total, it took two years before the property was finally sold and the proceeds from the sale were allocated. At the end of the day, the only people who benefitted were the attorneys representing the various parties. It was the most ridiculous and unbelievably stupid legal process that I had ever experienced.
My advise is to settle it among yourselves if you can.
|
|
|
|
|
|
Letterman [195]
TigerPulse: 74%
12
|
Re: Anybody been tangled up in a jointly family owned property
Jul 17, 2025, 12:29 PM
|
|
My wife and I have been involved twice with this situation. The first was my mother (Dad had already passed). Mother died and I was executor. I have 2 sisters. Mother had a 4000 sf home on 87 acres. Quit a bit of money. But although some of us wished we could keep it, the other did not. So I went through probate and we sold. No problem.
Now my wife's mother passed about a year ago. The drunken daughter is the executrix. She has been living with the Mom (her Dad is dead) for about the last 10 to 15 years because she kept getting fired from her bank jobs. The daughter decided to make the mom change the will and put her as the heir of the home and a couple of bank accounts. The mom felt bad for her so she did behind the backs of the other 3 heirs. The drunk thought she inherited everything, but according to the Louisiana usurfruct law 1/2 of Mom's stuff belonged to the dad. So the other 3 siblings are still partial heirs. Anyway, the existing dead beat lawyer she had just died and we got a new layer. Good for us she wants to buy the house from the other siblings. The house is on the coast of La. and recently flooded. She wants us to pay for it (She didn't have flood insurance). The new layer said no and is proceeding. After about a year and a half things are proceeding nicely now. Good stuff.
|
|
|
|
|
|
Replies: 12
| visibility 1913
|
|
|
50
