How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Richard Your Own Question
Richard, Attorney
Category: Estate Law
Satisfied Customers: 55452
Experience:  29 years of experience practicing law, including tax and estate planning.
Type Your Estate Law Question Here...
Richard is online now
A new question is answered every 9 seconds

My sister was bought out of the family farm in 2013 for

Customer Question

My sister was bought out of the family farm in 2013 for $75,000; 2 years later we sold it and the other siblings, 6 of them got $100,000 each, now she is complaining and wants more money; does she have a case. There were 2 appraisals done when she was bought out and she signed a release form that says she has no rights to the property.
Submitted: 1 year ago.
Category: Estate Law
Expert:  Richard replied 1 year ago.

Good evening. My name is ***** ***** I look forward to helping you.

She has absolutely no case. She agreed to the deal when she sold it and signed the release. She doesn't now, with 20-20 hindsight decide that she wants to change the deal. I'm sure had the situation been reversed and the property decreased in value, she wouldn't be voluntarily giving the rest of you money back. She can bitch and moan all she wants, she has no cause of action and is entitled to nothing. If you sell something, you no longer have any control over it; and any subsequent sale has no relevance to you any longer. Her claim is laughable!

Thank you so much for allowing me to help you with your questions. I have done my best to provide information which fully addresses your question. If you have any follow up questions, please ask! If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service as OK, Good or Excellent (hopefully Good or Excellent). I thank you in advance for taking the time to provide me a positive rating!

Customer: replied 1 year ago.
She said her attorney says she has 3 years to contest the buyout
Expert:  Richard replied 1 year ago.

She's not going to have any grounds to contest the buyout. For her to prevail in any kind of contest, she would have to prove duress, coercion, fraud, and/or undue influence. She simply wants to change her mind here because the property appreciated rather than depreciated. Any court is going to see this exactly for what it is.

Related Estate Law Questions