As the divorcees we were previously referring to can attest, when the law gets involved with emotional issues, it’s never an enjoyable experience. While the many places that the law often gets involved in sticky emotional situations often don’t involve large parcels of physical land, inheritance does. Many times, wills have a certain amount of time to be carried out, and many times that means that one party will either have to absorb a property which was meant to be sold and divided evenly among the would-be recipients of the will’s details. However, that usually leads to familial strife.
Properties are worth large amounts of money and are often the biggest part of a will to be divided up and while two parties can jointly own a property, it’s unlikely that their interests will align much. One party may want to sell while the other wants to occupy the property and the clock is always ticking after the relative passes to properly divvy up the will and get the assets divided evenly by the end of the grace period.
Rather than trying to share the property and confer on every whim the other party has about selling or keeping the house, it might be a better option to sell the house now. If, however, you’re not interested in trying to fix up the property so you can get more money out of the sale, you could look to a real estate solution company like Sell House For Cash CO.
We can offer you a fair, all-cash offer for your unwanted property that you recently inherited. You can then split the proceeds evenly and move on with your lives. This gives you the liberty to invest your money the way you want and still benefit from the will in a way that honors the wishes of the person that passed.