Legal Question in Wills and Trusts in California
when an estate has to be divided 50/50 and there is two properties one was appraised 60000 more than the other how is the division equalized between the two beneficiaries when they plan on keeping the properties
2 Answers from Attorneys
The beneficiaries will have to work something out--an equalizing payment would be the easiest, or carrying a note, or one person owning a small piece of the higher-valued property, but the beneficiaries should somehow, in the end, receive equal amounts.
To really determine this, myself or any other lawyer would need to know more about the will and beneficiaries. There are quite a few ways to work this out, as Mr. johnson stated to equalize matters. Some benficiaries do not care about equalization, and only want to move on with life. This depends on you, the will, and the other beneficiary. Should you need help, please call me at your earliest convenience.
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