buying us out

[lizw]

Hi - we have a property to sell that was left to the family in a will. The rest of the family (three other siblings) are wanting to wait until the market picks up but we could do with selling now. Do we have to go with the majority or can we ask to be bought out?

Many thanks

[Barmaid]

The executors have a duty to collect, get in and administer the estate. They have a duty to sell, but normally will be allowed to postpone sale. You can ask the other beneficiaries to buy you out. They do not have to agree though. If they don't your only option is to apply for the Court for an order for sale. Your action will be against the executors (unless the property has already been transferred to the beneficiaries)

[lizw]

Hmmm - bit difficult at the executor is the oldest daughter (my husband's sister) and she's a solicitor! Thought we might end up stumped here!

Many thanks for your reply though.