Harville-Stein Law Offices, LLC

 

HARVILLE-STEIN LAW OFFICES, LLC
2159 S. MCKENZIE STREET, #250
FOLEY, AL 36535
Phone: 251.979.6641


 

SERVING BALDWIN COUNTY, ALABAMA


 

Complications of sharing of inherited property

Question

 

My husband owns 1/4 interest in the family farm and his 3 siblings each own 1/4 interest. What are we allowed to do with the property? If we build a house do they own 1/4 interest in it also? If we establish a business using our own capital is that theirs also?

 

Question

 

Before you make any changes or improvements to a property where others have an interest, you would need written agreements or otherwise have them transfer to you their interest.   For example, you could get each to deed you their 1/4 interest in a specific parcel of the property, that constitutes 1/4 of the total property, and compensate them, if you need something more than 1/4 of the property.

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