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Structuring The Sibling Buyout For Inherited Property

A new client told me that she wants to “buy out” her brother. They recently inherited an apartment complex from their father’s estate. They both want to manage it, but they know they won’t work well together. Their management styles differ – she wants to apply income to much needed repairs and updates, while he wants to raise the rent and put money in his pocket now. I reviewed the property’s chain of title and learned that the property had already been distributed out of her...