Inheritance and Houseboat: Your Legal Questions Answered


Questioner

a houseboat comes from an inheritance. They want to keep it in the family. One of the children buys the boat at the appraisal values. Can the other family members impose the condition on the sale that the family has the first choice in the event of a sale and that this is also at the appraised value? and what happens if the current buyers die. Do the children not have the right to purchase or do they only inherit the proceeds?

Lawyer

In the sale/allocation, agreements can indeed be made about preferential rights/first right of purchase if the buyer wants to get rid of the boat. In the event of the death of the buyer, the boat is inherited by his heirs. These heirs are in turn also bound by the agreements made by the deceased about the boat. If the intention is for the boat to be offered for sale by the heirs if the buyer/owner dies, this must be expressly stated in the purchase agreement.

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