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I bought the house I live in now from the estate of my grandmother. As her estate was liquidated.
I decided to take my share of the estate as the the house my father was raised in, and my grandma lived in.. The executor of the will (an uncle) and I agreed on the value of the property.. In the end after a closing the house was mine.
I did not get that cash injection to a bank account, had to make payments for a year or so to satisfy the estate
As of today, the house is worth 5X the agreed value from the estate
Also none of my siblings have any ill will towards my decision, I took a gamble and it paid..
A lot of what you will be dealing with is family dynamic...which is the craziest variable
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Last edited by TimT; 11-16-2013 at 05:27 PM..
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