Legal Question in Wills and Trusts in Maine
interest in common and undivided means in Maine
no will
inheritance divided into 3 remaining heirs.
best interest and means to own totally one"s one third interest?
thank you very much
Catherione
Asked on 12/11/12, 2:06 pm
1 Answer from Attorneys
Jerome Gamache
Ainsworth Thelin & Raftice, P.A.
You are correct that Tennants in Common will pass property at death according to the person's Will or lack thereof.
If the property can be legally divided, then a survey is best and cross deeds be exchanged to put the specific section in single ownership. If the property cannot be split, then it can be sold and proceeds split.
It is also possible for an estate to pass other assets to an heir of equal value to the share in the real estate, and for the real estate to then be deeded to fewer heirs.
www.atrlaw.pro
Answered on 12/11/12, 2:15 pm
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