Legal Question in Wills and Trusts in Virginia
Mother died a more than a year ago. Three children left as survivors. Sister given authority to be admistrator. She moves into deceased mother's house and takes over payments. House had 60% equity. She agreed verbally to pay the other two siblings for their part of the house at a bargain price. Loan has never been transferred into her name and no payments to other two siblings to date. What legal options do I have?
1 Answer from Attorneys
You should inform this sister that under Virginia law, the administrator of an estate normally has about 16 months or so to complete its administration and file a report with the commissioner of accounts. And, that if she doesn't soon get moving on matters, you will have to consider filing a motion with the probate court to have her replaced as administrator.
Furthermore, any agreement for this sister to buy out the interests of the other heirs in this property should not be merely some verbal agreement.
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