Legal Question in Wills and Trusts in Iowa

My father passed away and left his farm to five of us. My step-mother has life estate so we can't sell the farm until she passes away. My brother has somes liens on his share. My question is, when the farm sells, does the money get divided up first and then the judgement paid from my brother's portion? Or does the judgement get paid first and the rest divided up?


Asked on 8/19/10, 1:40 pm

1 Answer from Attorneys
Robert Luedeman solo practitioner

The answer to your question would depend on how your brother's liens were drafted and what he agreed to. I assume that he borrowed money against his potential share.

Read more
Answered on 8/25/10, 6:14 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Iowa