Legal Question in Wills and Trusts in California

Your question is too vague and lacks enough information to answer. If the house is allocated to one child, they get the house. Why would it be sold and what would the assessed value have to do with it? Assessed value is pretty meaningless anyway. Did you mean appraised value? You really need to be more clear and provide a proper explanation of the situation you are asking about.

I agree with Mr. McCormick. When people use the term "assessed value" that term usually refers to its tax assessed value. I doubt that the property is worth less than its tax assessed value.