S
sjfish
Guest
this applies to Rhode Island law my father died one year ago today and left a will that states the the house can be
purchased by (in order by age) children named in the will that
would include my borther (the oldest). he stated his intent
to take the option to buy the house for $60,000 (as defined
in the will) the will clearly states that the money is then to be divided evenly by the remaining 4.
since declaring his intent, he has done nothing to buy the house
or pass the option on. the estate has no cash assets left (after paying funeral costs, hospital bills, taxes on the property, and insurance on the property). how long can he tie this up? in the
meantime, the house is empty so the insurance will triple this
coming year and the property taxes are due. my brother has hired his own lawyer to try to find a way to obtain the property
at no cost to him. the law office that wrote the will says we
just have to wait until he is ready to move on.
purchased by (in order by age) children named in the will that
would include my borther (the oldest). he stated his intent
to take the option to buy the house for $60,000 (as defined
in the will) the will clearly states that the money is then to be divided evenly by the remaining 4.
since declaring his intent, he has done nothing to buy the house
or pass the option on. the estate has no cash assets left (after paying funeral costs, hospital bills, taxes on the property, and insurance on the property). how long can he tie this up? in the
meantime, the house is empty so the insurance will triple this
coming year and the property taxes are due. my brother has hired his own lawyer to try to find a way to obtain the property
at no cost to him. the law office that wrote the will says we
just have to wait until he is ready to move on.