Legal Question in Real Estate Law in California

Recently deceased Moms house is in her trust. My brother and I are co trustees. HE wants to buy my share of the house. How is this done? Rest of cash assests do not equal half of market value of the house. So a fair split of Cash and Home are not going to work. AS example. House is worth 800,000. Cash assests total 200,00. Does his buying me out using a home equity loan on his house violate the Parent to child transfer? How is the property reappraised?


Asked on 4/18/16, 6:22 pm

1 Answer from Attorneys

There is no way to begin to accurately answer your question without the trust documents to review.

Read more
Answered on 4/19/16, 10:00 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in California