I received a call this month from a man who wanted to receive his share of his father’s building. The property had a value of approximately $4MM. There were 5 children in total, 2 from father’s first marriage (one of whom was this client) and 3 from father’ second marriage. The caller could not understand why, after the death of his father, the property was being listed for sale by his 3 half-siblings without any input from him.
After I looked up the ownership of the property, I had to tell him the unpleasant truth: He will not get a penny from the sale of this real estate.