Legal Question in Wills and Trusts in Illinois
if a peoperty has four heirs and only one heir wants to sell to get their share of the money, do the others have to sell the property or is there any other recourse?
Asked on 7/03/12, 10:19 am
1 Answer from Attorneys
Virginia Prihoda
Law Offices of Virginia Prihoda
The three heirs who wish to keep the property can buy out the interest of the heir who wants to cash out. The sale can be on any terms the four parties agree to. Best method is cash if the heirs have cash.
Answered on 7/03/12, 11:33 am