Legal Question in Wills and Trusts in Iowa

My Mother in law left her three children a modest $10,000 property. She owes $1500 for a back loan to the bank. The executor, in agreement with the other two siblings, wants to move into the home and live there, agreeing to pay his sisters equal shares in the current value of the property, in event of sale. What is the process for making all this legal and can it be done by ourselves through expedited probate?


Asked on 4/27/11, 12:50 pm

1 Answer from Attorneys
Robert Luedeman solo practitioner

You should really have an attorney draw up the paperwork if you want to make it binding.

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Answered on 4/28/11, 5:03 pm


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