Iowa  |  Wills and Trusts

Legal Question

Asked on: 10/05/13, 11:25 am

my brothers and I (4) inherited our parents house. It was in our names for the past 10 years and our parents had life estate. My question is: I want to buy the house. They want 100,000 each. The house is probably worth 300,000. Assessed at 229,000. my husband says my 1/4 should come out of the price. Which would be 75,000 ea. Is this right or would i need to pay them ea 100K???

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