Legal Question in Real Estate Law in Florida
My grandparents passed their primary residence in Port St Lucie Florida to their 3 daughters in equal shares using a Quick Claim deed. Now 2 of the sisters wish to pass ownership to me. The third sister requests a buy out of her interest. This residence is small and has been in the family for 40 years. @ Sisters live in the Orlando area and the other in Arizona. I plan to retain an Attorney, once I have established a pan strategy. What would you advise?
1 Answer from Attorneys
Each daughter is entitled to a portion, so requesting that their interest is bought out is not unreasonable. The best plan is to try and negotiate a solution and avoid any court action.
If all else fails, a partition suit can be filed, but that will lead to complications, i.e, costs and inter-family tension.
As to you getting the 2/3 share, that is easy. A deed will work fine.
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