Legal Question in Wills and Trusts in Mississippi

Mother died. No will. Two adult children left. Son oldest. Was told 50/50. cant agree on split of car. Really only thing worth anything. So not worth hiring a lawyer but what to do?

Asked on 1/08/12, 6:11 pm

1 Answer from Attorneys

Wayne Woodall Wayne Woodall Attorney

EITHER SELL THE CAR AND SPLIT THE PROCEEDS OR HAVE AN AGREEMENT TO BUY/SELL AT AN AGREED PRICE. ONE PARTY EITHER OFFERS TO PAY FOR THE VEHICLE OR TO SELL HIS INTERESTS FOR THE HIGHER OF TWO (2) PRICES. LET THE ONE WHO WON'T AGREE SET THE PRICE (VALUE) FOR THE CAR. IF IT IS TOO HIGH YOU CAN ACCEPT 1/2 OF THAT SUM FOR YOUR 1/2 INTERESTS IN THE VEHICLE. IF IT IS LOW, YOU CAN BUY FOR 1/2 OF THAT SUM.

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Answered on 1/08/12, 8:58 pm


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