Legal Question in Real Estate Law in New York

One Sibling buying out other three

Mom passed in 07. Only asset house which oldest sibling lived in w/her. Found his name to be on deed as Jt Ten w/rts of suviorship. (for a small 2nd mtg) Her will stated house divided 4 ways. He has gotten a mtg and his lawyers are getting a pkg together for us 3. He claims he is trying to be fair. We want fair market value. What if his offer is not FMV? He and I are Co-executors, which I have been told he needs to renounce. Is it best to have a lawyer look over everything before we agree? House is in Long Island, NY. He has not been forthcoming with documents I have asked to see, and only tells us what he wants to.


Asked on 3/14/08, 6:14 pm

1 Answer from Attorneys
Jeff Rosner Rosner Law Firm P.A.

Re: One Sibling buying out other three

Yes it would be best to get an attorney and you will need to consult someone in New York.

- Jeff

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Answered on 3/16/08, 11:09 am


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