My wife's family - 5 siblings - has inherited some properties
when their parents passed away in the past couple of years.
All of the properties from the estate are now in a Trust,
and are 2 condos, 2 homes, 1 warehouse, 1 factory.
With the state of the economy and other issues,
these real estate holdings are becoming more of a PITA
and cause many family arguments as to how to proceed...
One of the sisters wants to get totally out of this mess...
How can they proceed ?
The Trustee of the Trust (the brother),
says that the Trust just can't buy out their 1/5 of the asset value.
SO - if one of the Trust bene's wants out - what can they do ?
OR - what do you suggest to help them ?
- posted 10 years ago