Legal Question in Wills and Trusts in Colorado
will states if party #1 can pay Party #2 $25K Cash she is given the house otherwise the house must be sold and divided equally. House is worth $100K How long does party #2 have to wait to for party #1 to get the 25K together
Asked on 3/13/12, 1:45 am
1 Answer from Attorneys
Bernard Greenberg
KOKISH & GOLDMANIS, P.C.
The first thing to do is to carefully review the terms of the Will, this may answer your question.
Second, if the Will does not provide the timeline, then the Personal Representative can work with the two parties and agree on what that will be. If no agreement can be reached, then the Personal Representative can either impose a deadline, or seek guidance from the Court.
Answered on 3/13/12, 9:39 am
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