Post by hravathouse on Jun 8, 2024 18:25:50 GMT 1
Hello
I own a 1/4 share of a list of 34 properties on the island of Solta. I would like to separate the ownership so I own a subset of those properties corresponding to 25% of the total value entirely in my name. I am in communication with a descendent of the other co-owner and we may be able to reach an agreement on separation (and all of the descendants of the deceased co-owner are accessible for signatures if we can agree). However, I would like to better understand the process if we cannot agree, and we choose to petition the court for separation. I believe if we petition the court, the court will use certified assessors to value all of the properties. Is there a fee involved for this evaluation, and if so is it a function of the total value, the number of properties, or what? Can anyone provide a way for me to estimate the total cost? Does the court make those individual values available to the owners, which may facilitate our finding an equitable division of the properties ourselves? If we still fail to reach an agreement, can I as petitioner specify the properties I want to own fully, given I stay under my 1/4 share of the total value, or does the court choose their own subset of the properties constituting my 1/4 share?
Thanks in advance,
Maria
I own a 1/4 share of a list of 34 properties on the island of Solta. I would like to separate the ownership so I own a subset of those properties corresponding to 25% of the total value entirely in my name. I am in communication with a descendent of the other co-owner and we may be able to reach an agreement on separation (and all of the descendants of the deceased co-owner are accessible for signatures if we can agree). However, I would like to better understand the process if we cannot agree, and we choose to petition the court for separation. I believe if we petition the court, the court will use certified assessors to value all of the properties. Is there a fee involved for this evaluation, and if so is it a function of the total value, the number of properties, or what? Can anyone provide a way for me to estimate the total cost? Does the court make those individual values available to the owners, which may facilitate our finding an equitable division of the properties ourselves? If we still fail to reach an agreement, can I as petitioner specify the properties I want to own fully, given I stay under my 1/4 share of the total value, or does the court choose their own subset of the properties constituting my 1/4 share?
Thanks in advance,
Maria