Jeremy Beland
How a Set of Doorknobs Nearly Cost Us a $25,000 Deal
13 November 2024 | 2 replies
Her half-siblings, who felt she didn’t deserve the property, were dead set against the sale and refused to cooperate.
Michael Clark
Purchasing a property cash with a cloud on title advice
9 November 2024 | 1 reply
It was presumed ownership was passed to his wife who had lived there but when boiled down legally, his siblings and their heirs are also entitled to a fraction.
Jesse Dominguez-Castelan
How do I proceed?
22 October 2024 | 17 replies
Are your siblings paying market rent?
Jason Frink
Legal advice around Crossett property.
21 October 2024 | 2 replies
Each state can be a little different so the details matter. https://www.omglawfirm.com/arkansas-probate-intestate-succes...Here is the pertinent excerpt:If you don’t have a Will, the default order of descent goes like this: (1) full blood and adopted children of the decedent, subject to any dower, curtesy, and homestead interest of a spouse; (2) if no full blood or adopted children, then everything to a spouse of greater than three years or half of everything plus dower, curtesy, and homestead to a spouse of less than three years and the other half of everything to other heirs (per this table); (3) to the decedent’s parents or surviving siblings; (4) to the decedent’s grandparents or surviving aunts, uncles, cousins, etc.; (5) to the decedent’s great-grandparents or surviving great aunts, great uncles, etc.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.
Fausto P.
Does taking on my father's property make sense as a first time investor?
21 October 2024 | 15 replies
You have the potential of something really great here, you just want to proceed slowly and not dunk your money until you can legally confirm it will be your return on investment.Im actually not the only heir i do have a sibling, which is something we definitely spoke about.
Jason Frink
Legal Advice Arkansas
20 October 2024 | 4 replies
@Jason Frink, this page seems to cover it:https://www.omglawfirm.com/arkansas-probate-intestate-succes...Here is a pertinent snippet from that page:If you don’t have a Will, the default order of descent goes like this: (1) full blood and adopted children of the decedent, subject to any dower, curtesy, and homestead interest of a spouse; (2) if no full blood or adopted children, then everything to a spouse of greater than three years or half of everything plus dower, curtesy, and homestead to a spouse of less than three years and the other half of everything to other heirs (per this table); (3) to the decedent’s parents or surviving siblings; (4) to the decedent’s grandparents or surviving aunts, uncles, cousins, etc.; (5) to the decedent’s great-grandparents or surviving great aunts, great uncles, etc.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.A good way to visualize the order is to imagine the following scenario: Alfred dies without a Will.
Dan K.
True Story: For immigrants, Real Estate is the best way to reach the American dream
15 October 2024 | 8 replies
Her dad died when she was young, leaving her and her five siblings to be raised by her mother, Abu, a Chinese immigrant.
Solomon Nguyen
Saved $80K by 21 – Seeking Advice on What’s Next
4 October 2024 | 27 replies
While I believe I’d be able to recoup my investment, I wouldn’t technically “own” the property until it’s passed down to my sibling and me in the future.
Devin James
Home Building Numbers - North Port FL
1 October 2024 | 0 replies
My siblings and I are building a home in North Port, FL.Here are the numbers:Finished Home Value: $412KishLand Cost: $19,750.39Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!
Dina Schmid
Buying Parents' Home - Ways to reduce costs and hassle?
26 September 2024 | 10 replies
We are going under the assumption we would sell the home after they pass so as to not be seen by siblings as making money off the situation.