What is the name of your state? IL
My mother is Executor of my fathers estate. 6 total heirs including the executor. My brother was half owner of the buildings but 2 weeks before my father died things got changed and forgeries were done. He sought out a lawyer and family mediation which recommended her to pay him off but stated my brother would have to go to court to prove the legal aspects of it all if he wants to regain half ownership of these properties. He didn't want to go to court against her instead he walked away. She refused to pay him then but promise to pay him back when they sell but no papers on this agreement. She has kept and used the the rental income from these 3 building apartment complexes for the past 32 years..
She listed the buildings and accepted an offer which is only at 44% of the appraised value. This was extremely disappointing to all us but we were told by the lawyer he can't get her out of the deal. We weren't told of this listing and purchase agreement until after all was signed.
My brother has requested his original investment money back out of the sale and is refusing to sign unless he gets his amount . there is enough money from the proceeds to pay him but the all of us would have to take less. 3 of us ave signed off with the statement we are accepting the lesser amount than the 1/6th and for my brother to receive his amount but the other 3 do not agree but have signed off but will not sign that additional paper especially my mother there is a big family drama between her and my brother.
However, we now all have been told by the lawyer that we can only divide up the proceeds equally each of us receiving 1/6th. Otherwise he will have the executor sue to go back to probate to prove that my mother was supposed to own them. He continued on that LaSalle Bank in Chicago made a mistake . Then he went on to state will advise my mother to sue my brother for a lost deal.
Can my brother ask for more money than the equal amounts?
Can he be sued for not signing causing the deal to fall apart?
I appreciate any advice on this I'm just trying to help my brother.
My mother is Executor of my fathers estate. 6 total heirs including the executor. My brother was half owner of the buildings but 2 weeks before my father died things got changed and forgeries were done. He sought out a lawyer and family mediation which recommended her to pay him off but stated my brother would have to go to court to prove the legal aspects of it all if he wants to regain half ownership of these properties. He didn't want to go to court against her instead he walked away. She refused to pay him then but promise to pay him back when they sell but no papers on this agreement. She has kept and used the the rental income from these 3 building apartment complexes for the past 32 years..
She listed the buildings and accepted an offer which is only at 44% of the appraised value. This was extremely disappointing to all us but we were told by the lawyer he can't get her out of the deal. We weren't told of this listing and purchase agreement until after all was signed.
My brother has requested his original investment money back out of the sale and is refusing to sign unless he gets his amount . there is enough money from the proceeds to pay him but the all of us would have to take less. 3 of us ave signed off with the statement we are accepting the lesser amount than the 1/6th and for my brother to receive his amount but the other 3 do not agree but have signed off but will not sign that additional paper especially my mother there is a big family drama between her and my brother.
However, we now all have been told by the lawyer that we can only divide up the proceeds equally each of us receiving 1/6th. Otherwise he will have the executor sue to go back to probate to prove that my mother was supposed to own them. He continued on that LaSalle Bank in Chicago made a mistake . Then he went on to state will advise my mother to sue my brother for a lost deal.
Can my brother ask for more money than the equal amounts?
Can he be sued for not signing causing the deal to fall apart?
I appreciate any advice on this I'm just trying to help my brother.