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Switching terms of will

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ulster1

Junior Member
What is the name of your state? VA

My mother died May 06. There are two hiers, my sister and myself. The contents of the estate are a house and two distinct parcels of land. The terms of the will are for the house to go to me and the parcels of land to go to my sister. We want to switch the terms of the will. I want her to get the house, she want me to take the parcels of land. We are in agreement with this arrangement. The estate has not been dispersed. The question is how can this be achieved most quickly (directly) and with the least cost? The approximate value of the house is $100K and the raw land is assessed at $65K

Thanks in advance.
 


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Dandy Don

Senior Member
You CAN NOT switch the terms of the will--this is a legal document that must be carried out explicitly and exactly as stated. You each can take possession of the items you have given and then sell them to each other in another separate transaction.
 
S

seniorjudge

Senior Member
ulster1 said:
What is the name of your state? VA

My mother died May 06. There are two hiers, my sister and myself. The contents of the estate are a house and two distinct parcels of land. The terms of the will are for the house to go to me and the parcels of land to go to my sister. We want to switch the terms of the will. I want her to get the house, she want me to take the parcels of land. We are in agreement with this arrangement. The estate has not been dispersed. The question is how can this be achieved most quickly (directly) and with the least cost? The approximate value of the house is $100K and the raw land is assessed at $65K

Thanks in advance.
Click to expand...
Have your lawyers draw up an agreement showing how you want the stuff disbursed. Then have the court approve it.

It is imperative that each of y'all have your own separate and independent attorney.

That is in case somebody gripes about the procedure later, you can prove it was done with full consent and knowledge of everyone involved.
 
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