Legal Question in Wills and Trusts in Illinois
do all beneficiaries named in a will have to agree on sale of property or assets before distribution or can a majority be enough to satisfy acceptance to finalize distribution?
Asked on 1/14/11, 9:00 am
1 Answer from Attorneys
Steve Raminiak
Law Offices of Steve Raminiak, P.C.
If all do not agree, I strongly recommend that your attorney draft a Petition which asks the Judge to allow the sale. Any beneficiary who does not provide a signed waiver that approves the sale may need to be served by the Sheriff (or a special process server). If all objecting beneficiaries fail to appear in Court, the Judge will likely allow it.
Feel free to call me if you'd like to talk further.
Answered on 1/19/11, 9:13 am