Legal Question in Wills and Trusts in Iowa
My father recently passed away and I've learned that he had a 1/6th interest in my grandparents estate. I will be inheriting this interest however I've been told that the only option would be to sell it to my grandmother who has control of the estate. Also I was told that I would have no prospective buyers because this interest cannot be appraised or assigned a value so I would need to pick a selling price for it if I were to sell it to my grandmother. I've never heard of anything that cannot be appraised or given a value, so something about this seems iffy. Has anyone had any experience with a situation like this? Thank you for your time with this matter......
1 Answer from Attorneys
Whatever your interest is, it can be assigned a value. However, it seems as if whatever your father's estate was, it is vested in the person of your grandmother. I suggest you make an appointment with an estate and probate attorney to find out what your rights are.
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