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What is the name of your state (only U.S. law)? MO
My dad passed away and left my sister and me an auto worth $30,000. There is a loan balance of 12,000. on it . I would like to buy the auto from the estate, how do we do this?
The car has a value of $18,000 for the estate. You get $9,000 (equity in the car) and your sister gets $9,000 (cash from you), and you pay off the loan and keep the car.
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