Has anyone filed an affidavit of heirship or any type of probate proceeding?
You can determine the fair market value of the land through the tax records and research on real estate sites. The amount your sibling pays should be based on the fair market value with each person getting an equal amount for their share of the land. You could agree to accept less, but if you sold the land to an outside person, each of you would get your share (1/3) of the fair market value.
Also, you could ask the court to sell the land in a probate proceeding if you all are not able to come to an agreement.
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The Overstreet Law Firm
2100 N. Main, Suite 228
Fort Worth, TX 76164
Phone: 817-810-9747
Email: rdolaw@gmail.com
https://www.theoverstreetlawfirm.com/
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