What is the name of your state? NY
My father died 8 years ago leaving no will. Mother died 4 years ago,. Again, no will.
Neither estate has been probated, due to lawyer not completing paperwork (another story). There are 3 siblings including myself. My father owned a house in Virginia with 3 sisters. In the eight years since, I have paid my fathers share of the mtge and taxes. The house is now being sold. The attorney in Virginia is stating he MUST split the proceeds of my father's share equally amongst my brothers and myself. My brothers and I have
signed affidavits that a different breakdown is needed due to my out of pocket expenses in paying for the property. The closing attorney states he cannot honor this.
Unforntunately, a 3 way split means I must depend on my brothers paying me from their share (not always easy after one has money in hand).
Besides the above, will there be a tax implication for my brothers receiving more money than they are due.
I was told when I started paying for my fathers share that any expenses I incurred would be reimbursed when things are sold or settled.
My father died 8 years ago leaving no will. Mother died 4 years ago,. Again, no will.
Neither estate has been probated, due to lawyer not completing paperwork (another story). There are 3 siblings including myself. My father owned a house in Virginia with 3 sisters. In the eight years since, I have paid my fathers share of the mtge and taxes. The house is now being sold. The attorney in Virginia is stating he MUST split the proceeds of my father's share equally amongst my brothers and myself. My brothers and I have
signed affidavits that a different breakdown is needed due to my out of pocket expenses in paying for the property. The closing attorney states he cannot honor this.
Unforntunately, a 3 way split means I must depend on my brothers paying me from their share (not always easy after one has money in hand).
Besides the above, will there be a tax implication for my brothers receiving more money than they are due.
I was told when I started paying for my fathers share that any expenses I incurred would be reimbursed when things are sold or settled.