Thursday, February 11, 2010

Splitting $ equally question - HELP!?

After my dad passes away, we (4 of us) inherited two rental properties (with no mortgages on them) valued $100,000. Once we sell the properties and we split the money 4 ways and that nets us $25K each, BUT if one of us decided to buy our two properties and one of us will need to be excluded and pay us 3 of us $33K?





I wanted to make sure Im doing this in the ethical and the right way since Im the executor of the Will and need the proper terms to explain to one of my siblings about this.





Thanks!


Splitting $ equally question - HELP!?
If one of you decided to buy the two properties...


the other 3 should still only get $25k a piece.


Why should they get more money if the value is $100,000 total?


The one buying the two properties is still entitled to their share of everything.
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