Legal Question in Wills and Trusts in California
If a will states that 15% of all cash, bank accounts, Money market funds and US bonds goes to these individuals and the remainder of the estate goes to another indiviidual, what would happen to the house and car in California? Would they have to be sold as part of the estate?
Thank you
Asked on 9/23/12, 8:28 am
1 Answer from Attorneys
Michele Cusack
Pollak & Cusack
They would be part of the "residue" in other words, go to the "another individual" you mention. Would not necessarily have to be sold, but would pass subject to any mortgage and car loan.
Answered on 9/23/12, 10:25 pm
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