New York  |  Real Estate Law

Legal Question

Asked on: 6/11/13, 3:14 pm

My mom owns a co op.......in her will she has stated that the co op be left to both me and my sister. Mom is getting on in age and my sister wants to live with her. According to the board her name has to be on the certificate of shares. If my mom adds her to the certificate does she by law now become an owner of the co op. Can she be added without being an owner of any shares? If added will this now take away my 50% ownership if my mom should pass away. Does she get the co op? How can we resolve this problem.

2 Answers


Answered on: 6/11/13, 3:50 pm by David Slater

By adding her name, she becomes an owner. Ask to see the Coop. Documents that prevent her from living there with your mother.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


David P. Slater, Esq. 5154 Windsor Parke Dr. Boca Raton, FL 33496

Other answers from this attorney

Answered on: 6/12/13, 9:31 am by Walter LeVine

I agree with David. Seeing the documents also allows you to learn what happens when an owner dies. Perhaps your name can be added also. Be careful of how any names are added as this could impact inheritance rights. I suggest having an attorney familar with coops review their documents to see your rights are protected.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Walter D. LeVine, Esq. 23 Vreeland Road #102 Florham Park, NJ 07932

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

209 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search