Business Q&A

my two uncles and i adjectives a third respectively of my grandmothers estate when she died. my one uncle and i are selling my grandmothers home to my other uncle at below gala bazaar price for $455,000. does he acquire a third of that money and the home or does my other uncle and i split the $455,000 and we only just sign the action of the house over to him and he owns the house near no mortgage? i am still especially confused on how this is going to work.

Answers:
You can do it any means of access you want.

I recommend you put on the market uncle#1 your 1/3 share and uncle #2 does alike piece. Have it quitclaim deeded to uncle #1.

A non-recommended process is to basically market it for approaching $680K and he take posterior his 225K at closing.

GET YOU OWN LAWYER! Do not trust any uncles legal representative.