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#5
10-23-2003, 09:00 AM
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 Re: Do I have to sell the house? Get to a California probate lawyer. Now. Not later. Now. Jason Attorney, CPA Sherman, Texas I am not your lawyer, nor am I your accountant, etc... "BMS" <mcfared[at]comcast.net> wrote in message news:MPijb.476480$2x.193687[at]rwcrnsc52.ops.asp.att.net... - quote - > What is the relationship to everybody? A little more detail is required. > "CWB" <curtbaker[at]comcast.net> wrote in message > news:2ecfef34.0310150559.28f86fd4[at]posting.google.com... > > I am an executor of a California will in which: > > > A is bequeathed $10,000 > > > B is bequeathed $10,000 > > > C is bequeathed a mortage free house. > > > After estate taxes there is no money left to pay A or B. > > > Do I have to sell the house to satisfy the bequeathment to A & B? > > > Thanks, > > Curt Baker |
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#4
10-16-2003, 10:32 PM
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| Re: Do I have to sell the house? On Wed, 15 Oct 2003 09:07:45 CST, curtbaker[at]comcast.net (CWB) wrote: - quote - > I am an executor of a California will in which:
Unless you can luck up and get a CA lawyer to answer you here> A is bequeathed $10,000 > B is bequeathed $10,000 > C is bequeathed a mortage free house. > After estate taxes there is no money left to pay A or B. > Do I have to sell the house to satisfy the bequeathment to A & B? (doubtful with limited info), you're going to have to ask one in CA. If this were in my State, and based strictly on what you have said, A&B would be out of luck. That's one of the problems of bequeathing specific assets instead of percentages. At least, it's a problem to A&B. <grin -HW "Skip" Weldon Columbia, SC |
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#3
10-16-2003, 07:28 PM
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| Re: Do I have to sell the house? - quote - > > What about a home equity loan? With a mortgage free house, it must be possible to get a loan of some sort to pay off A and B.<< Then C would not receive a mortage free house. What I'm trying to find out is the California law regarding this situation. Since there is no money left are A & B simply out of luck or does the house have to be sold and all three parties share the loss equally? Thanks, Curt |
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#2
10-16-2003, 10:00 AM
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| Re: Do I have to sell the house? "BMS" <mcfared[at]comcast.net> wrote in message news:<MPijb.476480$2x.193687[at]rwcrnsc52.ops.asp.att.net> ... - quote - > What is the relationship to everybody? A little more detail is required.
possible to get a loan of some sort to pay off A and B.> "CWB" <curtbaker[at]comcast.net> wrote in message > news:2ecfef34.0310150559.28f86fd4[at]posting.google.com... > > I am an executor of a California will in which: > > > A is bequeathed $10,000 > > > B is bequeathed $10,000 > > > C is bequeathed a mortage free house. > > > After estate taxes there is no money left to pay A or B. > > > Do I have to sell the house to satisfy the bequeathment to A & B? > > > Thanks, > > Curt Baker What about a home equity loan? With a mortgage free house, it must be |
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#1
10-16-2003, 10:00 AM
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| Re: Do I have to sell the house? - quote - > > What is the relationship to everybody? A little more detail is required.<<
A is a nephew.B is a nephew C is the daughter Thanks, Curt |
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10-15-2003, 11:55 PM
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| Re: Do I have to sell the house? What is the relationship to everybody? A little more detail is required. "CWB" <curtbaker[at]comcast.net> wrote in message news:2ecfef34.0310150559.28f86fd4[at]posting.google.com... - quote - > I am an executor of a California will in which: > A is bequeathed $10,000 > B is bequeathed $10,000 > C is bequeathed a mortage free house. > After estate taxes there is no money left to pay A or B. > Do I have to sell the house to satisfy the bequeathment to A & B? > Thanks, > Curt Baker |
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#-1
10-15-2003, 02:10 PM
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| Do I have to sell the house? I am an executor of a California will in which: A is bequeathed $10,000 B is bequeathed $10,000 C is bequeathed a mortage free house. After estate taxes there is no money left to pay A or B. Do I have to sell the house to satisfy the bequeathment to A & B? Thanks, Curt Baker |
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| house, sell |
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