The situation Ten parcels of ranch property owned by one partnership with about 25 members, one LLC with three members, a family trust with 20 heirs and four individuals including one who was deceased and still on title. That was the status of our ranch in year 2003. We owned an undivided interest equivalent [...]
Archive for the ‘ending co-ownership’ Category
Partition – Ending Co-tenancy
Posted in Farm Management, Land Ownership, Partnerships, selling land, real estate, co-ownership, ending co-ownership, purchasing real estate, tagged partitian, ending co-ownership, undivided interest on May 4, 2008 | 9 Comments »
Partition – How We Ended Co-ownership with a Deceased Person (part 2)
Posted in co-ownership, ending co-ownership, Land Ownership, Partnerships, real estate on April 5, 2008 | 1 Comment »
When initiating our partition action, we knew that one of the owners had died unexpectedly, but we didn’t know the rest of the story – that he died intestate (without a will), that he was married and that his estate had not been probated even though he’d be deceased for over ten years. We could [...]
Partition Action – How We Ended Co-ownership with a Deceased Person (part one).
Posted in co-ownership, ending co-ownership, real estate, Uncategorized on April 3, 2008 | 2 Comments »
Sometimes you just can’t continue to co-own property with certain individuals. It’s similar to getting a divorce, but you may hardly know the person you’re “divorcing.” I recently participated in a partition action on a ranch which I own approximately a twenty percent interest. As the petitioners my partners and I named the other co-owners [...]
