I am executor of my dad’s will. Property to be widely separated similarly in between 3. All he had was furniture. Estate auction as well as order a income was my plan. Now, my sister wants a single square of furniture. Do we get which a single square appraised, sell a rest? What if a rest of a seat sells for reduction than which a single square appraised for?
If you like this blog please take a second and subscribe to my rss feed
Tags: auction, dad, executor, money, piece of furniture
Comments: 4 comments
All the notebook fields that are marked with REQ must be filled when search Furniture Handicraft
JB
August 9th, 2009 at 1:26 pm
Just a thought here. What you could do is go and put it all up for auction. Make it where the person that wishes to have the one piece of furniture be the one allowed to bid on that particular piece and no other family member or those receiving the inheritance. What this person pays for the item go into the grand total which is to be split between all individuals involved — including the one that bid on the item. The person that got the piece of furniture is still allowed their 1/3 of the estate — it’s as if that person was any other bidder. The person that receives that furniture does get a third of the money, but 2/3 of what they paid for the furniture goes to the inheritors.
ssparkle63
August 9th, 2009 at 1:26 pm
Are you kidding me?? let the one who wants it to pay the other 2…for it. be real here..
laughter_every_day
August 9th, 2009 at 1:26 pm
This is why they have an executor. To decide what to do when the heirs do not agree. It should turn on pure finances, but in reality it will turn on many factors, including the relationship between the siblings.
jeeper_peeper321
August 9th, 2009 at 1:26 pm
Well unless 2 of you are greedy pigs.
Just come up with a value on what you think the piece is worth between all 3 of you.
Then after you sell the rest of the furniture, if it sells for less than you think it does, then readjust the price your sister paid downwards.
There is no need to get it appraised.
Actually unless it is someone an antique or really valuable.
You and your sibling, should just let your sister take it,
Then sell the rest and divide the money.
I mean, if your talking 2 or 3 hundred dollars, who cares ?
Are you in that much financial need that the money is that important?
Leave a reply