Who will get the land

Question

I own land with 2 other sisters. 1 of my sisters want to give me her share, will I own 2part or will my other sister be awarded her share as well and it will be halved.

Answer 1

You will own 2/3.  She wants to give it to you.  She does not have to share it equally - it is up to her.

Be sure and have paperwork done by an attorney so that it is fully legal and you own it for sure.  Shouldn't cost much more than $600.00 to do.

Answer 2

Here in sunny California, that is done with a Grant Deed between relatives.  That way it is not reassessed for taxes.

Answer 3

If she deeds it to you, then you own 2/3. But be aware this will probaby cause strife in the future. Why don't you get the land appraised and buy out third sister's share. She doesn't have to know the second sister made hers a gift to you.

Answer 4

You own an undivided 1/3 interest today.  So does your sister.  That means you can not draw a line down the floor and divide it into thirds. When your sister deeds you her 1/3, you will own a 2/3 undivided interest and the remaining sister owns 1/3. /