Protect Heirs’ Interest

Description: Protect heirs’ interest.

HOH client: Heirs of Real Estate Investor

Key issues: Stop administrative sale of investment property, demonstrate and protect interests of heirs in property.

A real estate investor with no immediate family died without a will. She had purchased a 25% interest in a property that was valued at several million dollars by the time of her death. Some distant relatives – and potential heirs – had purchased a 50% share in the same property. These investors sought to purchase the decedent’s share of the property at a highly favorable price. Another group of relatives – Holm & O’Hara LLP’s clients – sought to prevent this sale in order to obtain their fair share of the estate. We were able to protect their interest, worth approximately $2.5M.

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