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minnesotamom Asked December 2012

My mother has always said - things need to be fair for my three daughters. It seems the middle sister wants all the control. How do we proceed?

My two sisters and I own a commercial building worth $1.2 million. Only my mother and my middle sister on the checking account attached to this property. My youngest sister and I have asked to be listed as signatories (on the checking account); however, the middle sister is balking and saying, no, you can't be on it. My mother has always said - things need to be fair for my three daughters. We are at a loss of how to deal with this. It seems the middle sister wants all the control. How do we proceed? Do we get a lawyer? We are worried that if my mother passes away (or my sister), neither of us will have access to the account to pay bills, or inherit.

jeannegibbs Jan 2013
Some clarifications, please. Are there 3 names on the deed? Your mother isn't an owner? In what way is the checking account "attached" to the building? I don't understand that concept. Is there a mortgage? It really sounds like the 4 of you should sit down with a lawyer and make sure things are set up correctly for all of you.

NancyH Jan 2013
Did this building belong to your father originally? If it did, doesn't it really belong to your mother? And if so, wouldn't SHE be the one that gets to decide these things? Let's say your mom dies, why do you think your middle sister will get everything? If all three sisters are named as owners of this building, how can middle sister take everything? Maybe you can clear up a couple of things?

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