Legal Question in Wills and Trusts in Michigan
deceased parents offer to sell house to child heir at cost (56k), 3 heir beneficiaries, would/should the purchasing heir get 1/3 of the 56k back as estate inheritance from proceeds of the sale? (my brother is attempiting this) question is: should he be buying the house from the other heirs (28k each) or from the estate (18.7k each). The idea was to sell the house after their death as a way to keep the house in the family.
Asked on 7/14/13, 12:10 pm
1 Answer from Attorneys
Timothy Klisz
Klisz Law Office, PLLC
He's, he gets his 1/3 share and pays the other two their 1/3 shares.
Answered on 7/14/13, 7:41 pm
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