Hi
I wanted to get some clarity on the following, please:
Mother (last surviving parent) died and left the deceased estate to 3 grown children equally to be sold and distributed. Two oldest siblings are the executors of the will. Probate has been cleared.
The second sibling is living in the house (along with his adult child) and doing all the paperwork, etc., of executor of will role, as the other sibling is not in a good mental health condition.
Mother passed away over 2 years ago. The third sibling would like to have the house sold and finalised, but older two siblings have said they are waiting for the market to pick up.
The question is, what right does the third sibling have to have the house sold within a reasonable timeframe, irregardless of the current market value? While he was happy to wait for a period, this has dragged on and while not related, the sale of the house would relieve a financial burden.
Without spending significant money on legal fees, is there a way to insist on the executors either selling the property and dividing the sale as per the will, or purchasing his share at current market value? The third sibling has asked on numerous occasions to have the estate finalised, but as he is not an executor, does not have a voice.
Thanks!
I wanted to get some clarity on the following, please:
Mother (last surviving parent) died and left the deceased estate to 3 grown children equally to be sold and distributed. Two oldest siblings are the executors of the will. Probate has been cleared.
The second sibling is living in the house (along with his adult child) and doing all the paperwork, etc., of executor of will role, as the other sibling is not in a good mental health condition.
Mother passed away over 2 years ago. The third sibling would like to have the house sold and finalised, but older two siblings have said they are waiting for the market to pick up.
The question is, what right does the third sibling have to have the house sold within a reasonable timeframe, irregardless of the current market value? While he was happy to wait for a period, this has dragged on and while not related, the sale of the house would relieve a financial burden.
Without spending significant money on legal fees, is there a way to insist on the executors either selling the property and dividing the sale as per the will, or purchasing his share at current market value? The third sibling has asked on numerous occasions to have the estate finalised, but as he is not an executor, does not have a voice.
Thanks!