Customer: I am interested in a mutual distribution agreement. If one enters into a mutual distribution agreement with others, under what circumstances would that agreement be terminated? If some of the parties sell property to other parties, does that make the MDA null and void? Does the MDA govern the distribution of the property after some of the parties sell their property?
JA: Thanks. Can you give me any more details about your issue?
Customer: we had a MDA between my mother, sister and myself. My mother had 50% of the house, my sister and I each 25% as tenants in common. My mother had the right to the life estate
and the income from the property (2 rental apartments). Now my mother sold her share to my sister. My mother holds a mortgage from my sister. Their new agreement says my mother has the life estate, but it says nothing about who gets the income from the property. Am I still bound by the mutual distribution agreement?
JA: OK got it. Last thing — JustAnswer charges a fee (generally around $18) to post your type of question to Estate Law Experts (you only pay if satisfied). There are a couple customers ahead of you. We can help you for less if you're not in a rush. Are you willing to wait a bit?
JA: OK. Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.