My question involves estate proceedings in the state of: Michigan
My parents have deceased and my sister is the Trustee. One of my sisters wants to buy the home but another sister wants to buy it out of spite.
The sister that is spiteful has ready cash and will do whatever she has to do so that the other sister who really really wants it, does not get the home.
The sister who is the Trustee of the Estate, can at her discretion sell the home to who ever. What are the ramifications if the Trustee sells the home to the sister who really wants it, when the spitefull sister will pay any price? How do we solve this family dilemma? If someone goes to court then that person is removed from the Estate distribution if they do not win the court case. I am not sure how hateful the spiteful sister would be, meaning if she would sue the Estate or not. Any advise?
My parents have deceased and my sister is the Trustee. One of my sisters wants to buy the home but another sister wants to buy it out of spite.
The sister that is spiteful has ready cash and will do whatever she has to do so that the other sister who really really wants it, does not get the home.
The sister who is the Trustee of the Estate, can at her discretion sell the home to who ever. What are the ramifications if the Trustee sells the home to the sister who really wants it, when the spitefull sister will pay any price? How do we solve this family dilemma? If someone goes to court then that person is removed from the Estate distribution if they do not win the court case. I am not sure how hateful the spiteful sister would be, meaning if she would sue the Estate or not. Any advise?
Heirs and Beneficiaries: Selling Home
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