Question
Archie and Duncan are stepbrothers who have just been given a parcel of property in the Last Will and Testament of their deceased father. The
Archie and Duncan are stepbrothers who have just been given a parcel of property in the Last Will and Testament of their deceased father. The land is adjacent to Archie’s property and Archie has used the land for a grazing space for his sheep for the last 10 years. Duncan needs money and wishes to sell the property to a prospective purchaser who has been inquiring about the property. Archie doesn’t want to sell the property and has no interest in purchasing the property.
Neither Archie or Duncan wants to incur the costs and the hard feelings that a court battle could produce. Please explain the situation on your own words and write other possible available options for them rather than court?
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
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