Monday, July 16, 2018

Inheritance of mother's home?

My sister and I have inherited my mother's home. My sister had been living with my mother and still is living in the house since my mom has passed. The estate has not been settled yet so our names are not on the Deed (there's no mortgage). I want to move in but might want to buy something bigger in the future. Is there an amount of time that I'm required to stay in the home before I move? If I decide to move, can I have my sister buy out my half? Will there be any penalties if/when I do move out? Any consequences at all that I should know about?

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