Legal Question in Real Estate Law in Illinois
realestate
My sister and I granted our mother an undivided 1/3 interest for natural life in a piece of property. My sister and I can no longer get along. What are my options in disolving the partnrship.
2 Answers from Attorneys
Re: realestate
If you are a partnership there should be a partnership agreement that deals with this. If, however, you consider yourselves partners but in reality are joint owners, you must file a partition suit. Please call for further discussion.
Re: realestate
Thank you for your question. To be sure, you and your sister own property as a partnership? Is there a controlling partnership document? There are a number of mechanisms for dissolving a partnership but I am curious as to what, if any, form the partnership takes?
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