Dividing Inherited Property?

[hardtner]

Just go talk to an attorney and draw up the appropriate docs and then you never have to worry about it later. Now is the time....when it is fresh and everyone's minds and everyone is happy. Please don't wait til later.

[Kdog]

Just write it out on a napkin and both sign it.

[Atfulldraw]

I could almost flip a coin over which half I choose and be happy with it. I have stands on both halves and will still be able to hunt the entire property. If we take the north half, my sister will leave the mobile home on her half for when family comes to visit. It's old but doesn't leak, has central air and heat, and is better than many deer camps I've been in. If we take the south half, we'll probably move out the mobile home and use that spot to build the house on.

The main reason for the fence is to be able to rotate the cows from one side to the other.... and to make sure the jackasses are on the side I'm not hunting. Anybody want a jackass or two - just come pick them up.

Unless I'm misunderstanding, this makes it easy.

She wants the mobile home and you don't, let her keep the half with the mobile home on it.

[Keg]

Sounds like y'all agree, get a survey and have them split like you want. No need for appraisal with all in agreement. Build your fence and have the deeds draw up by local attorney and file the plat and deed with county clerk.

This....

[Mayhem]

Unless I'm misunderstanding, this makes it easy.



She wants the mobile home and you don't, let her keep the half with the mobile home on it.

I agree with Rod. Take the 1/2 without the mobile home.

[LWD]

I could almost flip a coin over which half I choose and be happy with it. I have stands on both halves and will still be able to hunt the entire property. If we take the north half, my sister will leave the mobile home on her half for when family comes to visit. It's old but doesn't leak, has central air and heat, and is better than many deer camps I've been in. If we take the south half, we'll probably move out the mobile home and use that spot to build the house on.

The main reason for the fence is to be able to rotate the cows from one side to the other.... and to make sure the jackasses are on the side I'm not hunting. Anybody want a jackass or two - just come pick them up.

Some that sounds really good until it's not. Once you no longer own half you don't have the right to hunt that half or graze it. Are y'all going to reserve those rights in the deeds? If so, are you prepared to do with that forever? Like your nieces and nephews hunting it 40 years from now? Have you considered that impact on the future resale of the property? Would you be better served by reserving only life estates for hunting and grazing?

Is the only reason for dividing the property to build a house?

LWD

[Lip]

Which half isn't the main question. The main question was what is the process. Sounds like survey and lawyer, just not sure in which order. My wife and I need to get a will so we can ask the lawyer while we're doing that and in the meantime, see who surveyed it last and determine if they are still in business.

[Gunnyart]

If it were me I'd look at the surrounding property to decide which outside property I'd prefer to be next to.

[blntrey3]

Get a value and buy your sister out if possible.

should just need a Lawyer to do the deed and surveyor to set legal boundaries if you are set on splitting.

[niceg3s]

I guess there was a will? If so, it needs to be probated. No will, you would have equal shares holding the property in common. If everyone is in agreement, then you can sell and split the property. Get a real estate agent to sell, then a lawyer to write up the deed. If there was not a will, and you are concerned about the transfer of title, get an attorney to help, but it's not needed. If you are not selling, a surveyor can split the property up if everyone agrees on the lines, then a lawyer can write up the partition deed.

[Kdog]

Dividing Inherited Property?

I would do the survey first, then get a lawyer to do the contract. I think you are going to need the descriptions from the survey for the contract and to get the deed changed.

[Stan R]

Go see a real estate attorney to find the best way to legally divide ownership.

He can record the proper paperwork in county records.

There is good and bad advice above this.

[finz]

I just went through this exact situation and it was finalized yesterday.My sister and I inherited a piece of land and agreed which half each of us wanted and went from there.We never used a lawyer!!! Where we are splitting/subdividing land can get real sticky so here is what we did. We went to the county development mgt and first made sure there were no restrictions or old deeds on record that we were unaware of. Next we made sure thru the county that we could get a drive way permit for the "other' half.Next was a meeting with commissionares court to approve the division of the land, got that approved. Next was a surveyor to come out and establish the new proprty line between my part and hers, all in all it was simple but a little time consuming. No lawyer needed for us good luck to you...

[krtnorris]

Buy her half from her. Problem solved and you have all of it.

[The Crippler]

No will, you would have equal shares holding the property in common.

Maybe...