Legal Question in Wills and Trusts in Virginia

Re: real estate trust

I don't know that the term "real estate trust" has any special meaning in Virginia. It could mean a trust created for the purpose of holding real estate.

But that's not really important. What is important is that six people own property that half of them want to sell. The only way to force the sale is by a partition suit, which can be lengthy and costly. It would be far better if the parties get together, agree, perhaps with the help of an appraiser, on the value of the property, and have the three who wish to remain owners buy out the three who do not; remember that a one-half interest in a non-divisible piece of property is worth less than one-half the whole. That stands to reason if you contemplate trying to find someone who would buy a piece of property which would be co-owned by others.

Don't rely on the law to solve this problem . . . work it out.