Friday, April 1, 2011

Selling The Family Home, Oh My!!


We have a combination of rain and snow this morning, the first day of April. April showers bring May flowers. What does April snow bring? Well, let's wait and see. There are some things we have no control over. There are many that we do but we fail to act on them. I am in the middle of an estate matter with lots of family disharmony. We have a home that clearly needs to be sold but there was no Will providing those instructions. Since the 5 beneficiaries can not agree on selling the home, the court appointed Administrator will have to Petition the court to sell the property. More money coming out of the estate to pay the expense of filing the petition. In addition, since there was no Will and the beneficiaries did not agree on which one of them should be the Administrator, the court interceded and appointed its own Administrator, more money coming out of the estate. AND the only money that the estate has will be what comes from the sale of the house. SO, it appears that not only will the home no longer be in the family. The beneficiaries will get much less than they anticipated. We do have control in managing some things but only if we act while we can. Got a Will, if not contact us at http://www.ythlaw.com/ for estate planning, probate and elder laws matters.

1 comment:

Unknown said...

Excellent reminder, Yvette. If only people knew to "love" their kids by saving them from grief and estate problems at the same time.