Legal Question in Real Estate Law in Florida
My mother is going to will her house to my brother & I, 50/50. She's quite elderly and may not have much more time with us. My brother plans to use it at his retirement home. I live overseas with my wife and don't really feel any need to have any long term ties to the property. It's quite valuable as it's very close to a popular gulf beach. My questions are:
1. He will want to make some serious changes to the property once he settles down here for good. Can he improve on the property without my permission ?
2. Would it be best if he "buys me out" from my 1/2 of the property once the title changes hands from our mom to him & I ?
Thanks for your help.
2 Answers from Attorneys
1. Yes, if you let him.
2. Yes
The second question is the more important one. While I do not know your family, I have seen quite a few family problems with situations like yours. Ultimately, you will feel like your brother has taken ownership, and you have no rights to it.
If you can arrange a buy out, you may be much happier in the long run. Especially if you don't need the property.