Nazgul Girl
Junior Associate
Babysitting our new grandbaby 3 days a week !
Joined: Dec 25, 2010 23:25:02 GMT -5
Posts: 5,913
Today's Mood: excellent
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Post by Nazgul Girl on Jan 21, 2011 20:21:24 GMT -5
Well, Scooter, I would think that letting a little time pass to see if the sale goes through would be the first course of action. Perhaps you are just getting tired of the crap ( perhaps you guys aren't fighting, but some kind of conflict is getting to you, or you wouldn't consider this to be a problem ). I'm sorry if I got the wrong impression from your post. That being said, as I had posted, there is a finite period of time that you have to wait until the estate is closed. I wouldn't do anything hasty to keep myself from receiving $15000 which might come in handy later. In fact, deed your portion of the house to me, and I'll be glad to put up with any hardships that would entail.
I would say that the estate would be sued, and possibly you as an individual, if anything went wrong with the house and someone got hurt, but what are the chances of that ? If you own an empty house which is for sale and someone gets hurt in it, then you would have just as much risk of being sued as you would have as part-owner of your parents' house. If it is insured, then you have very little to worry about. If you are concerned, you can buy yourself an umbrella insurance policy worth $2mm for about $300 per year. That protects you against almost all nuisance property lawsuits. Just make sure your interest in your parents' house is listed on it along with any other real property that you own. Ours details any buildings that we own ( such as the office we foreclosed on, remodeled, and sold ), our cars, and such.
Good luck and I would not do anything that kept me from my inheritance.
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TD2K
Senior Associate
Once you kill a cow, you gotta make a burger
Joined: Dec 19, 2010 1:19:25 GMT -5
Posts: 10,931
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Post by TD2K on Jan 22, 2011 1:13:26 GMT -5
OT, what is a 'junior member'?
Someone who has made less than 100 posts on the site.
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