12018 Satisfied customers
Expert in: Family Law, Legal, Estate Law, Real Estate Law, Criminal Law, Employment Law, Business Law, Consumer Protection Law, Bankruptcy Law, Traffic Law, Personal Injury Law.
Verified lawyers, 10+ years of experience
Save time and money. Get specialized help.
12018 Satisfied customers
Jessica
Consultant
Joey, Expert
Hi and thank you for using JustAnswer. My name is ***** ***** I will be assisting you with your question.
Just a general disclaimer that this conversation is for informational purposes only. I am licensed Canadian lawyer; however, you would need to retain a lawyer to take any legal action and/or preserve any of your legal rights. I may be away from my desk from time to time, but rest assured I will always return back as soon as possible.
Joey, Expert
Good morning – sorry to hear about the situation and your grandmother’s passing. To clarify, did the will state that the townhouse was to be left to a specific person or was all property to be divided 50/50?
Joey, Expert
I think it's best if you get a copy of the will so you understand exactly what you're entitled to.
Joey, Expert
Assuming it’s 50-50, then you would both be on title to the home. He can buy out your interest at market value, or you can agree to sell it.
Joey, Expert
No. The executor needs to look out for the best interests of the beneficiaries. Do not agree to such a proposal.
Joey, Expert
If you are 50% owner, it's up to you to determine price. It should be market value, but that's your own decision if you want to sell it for less.
Joey, Expert
If you don't care about market value, you could give it to him for $1 if you wanted.
Joey, Expert
This is a significant amount of money here.
Joey, Expert
If it's worth $600,00, that means he'll walk away with $300,000 which is a very large sum. He won't be homeless.
Joey, Expert
It would be your decision whether to sell it now or take title jointly (and perhaps sell later).
Joey, Expert
Of course. As long as you get your 1/2 of the estate (either cash and/or property), it shouldn't make a difference.
Joey, Expert
Thank you for using JustAnswer. I wish you the best of luck. If you have any follow up questions about this matter, please do not hesitate to reach out to me.