What is the name of your state? CA
My father died 11 months ago and named my brother as executor for his Trust. My brother and I are to inherit equally my father's house, but my brother and his wife have been living in that house since before dad died and do not plan to move out for another year. My brother had told me he planned to take out a loan to buy me out within a few months after dad's passing, but after delays to those plans kept occurring, he now tells me that he cannot get a loan because he is required to wait a year before he can legally buy out my half of the house from me. Is this true, and if so, will I have to settle for half of a newly-assessed (and lower) value of the house instead of the original assessment at the time of dad's death?
My father died 11 months ago and named my brother as executor for his Trust. My brother and I are to inherit equally my father's house, but my brother and his wife have been living in that house since before dad died and do not plan to move out for another year. My brother had told me he planned to take out a loan to buy me out within a few months after dad's passing, but after delays to those plans kept occurring, he now tells me that he cannot get a loan because he is required to wait a year before he can legally buy out my half of the house from me. Is this true, and if so, will I have to settle for half of a newly-assessed (and lower) value of the house instead of the original assessment at the time of dad's death?