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Relationship Discussion (non-explicit)
Reply to "Husband wants to dictate what happens with property I’m set to inherit"
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[quote=Anonymous]As to the legal implications of owning the property with sibling -- if someone got a judgment against your sibling that went unpaid, or if sibling used the property as collateral, that person (or business) could file a lien against the house for up to the value of the sibling's 1/3 interest. The lienholder may be able to force the sale of the property (or you and other sibling would have to buy out). From the sale proceeds, the lienholder would be paid out of the sibling's share. If the sibling's share is not enough to cover the lien, that's too bad for the lienholder - but they cannot get any portion of your share. Depending on how property is titled, you will probably be responsible for sibling's share of taxes if they don't pay. [/quote]
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