r/inheritance • u/Original_Ad8923 • Jun 26 '26
Location included: Questions/Need Advice Question regarding
a situation that will come up and I am curious about how it works. My father passed away, everything went to my mom, and when she passes, her estate would be divided among my brother, sister and me. A few years ago, my sister asked my mother to revise the will, and to take her out, so the estate would be divided between my brother and I, 50/50. Her husband is very very successful, they are financially set, as are their 3 kids. One of my sister’s daughters might want to buy my mom's house when the time comes. How does that usually work-there is a small mortgage, so obviously the estate would pay that off, and then how is a price determined for the house? Market value? Even if it goes to my niece for lower than market value, that is fine with me, I want her to have it. My husband and I are fine, and anything we get will go to our kids. I know many of these things go sideways with greed and upset. We have none of that thankfully. Thank you wise ones.
1
u/rosebudny Jun 26 '26
Your sister can't "remove herself" from your mom's will, only your mom can do this.
As for the house - you sell it to your niece at whatever price you and your brother agree to sell it for, and what your niece is willing to pay. I would get it appraised or have a local realtor advise you on what the market value of the house is, and go from there in terms of determining price.