Legal Question in Wills and Trusts in Illinois

The question sort of answers itself. Either sell the property and equally divide the proceeds or distribute the property to the one who will buy the others out. This can be done either by agreement to a fair market value or by appraisal.

Wills generally go through probate, but if the real estate is the only asset then there are ways to administer the estate without the time and expense involved in probate.

For more information please go to my website: www.legacylaws.com. I would be happy to help.

I can't say for certain without actually looking at the provision in the Will. It seems as if the Will requires that any tangible personal property (e.g. vehicles, jewelry, furniture) be sold, and then the resulting cash be disbursed in an equal amount to each child of the deceased. However, any child could purchase property that they want from the Estate. So, for example, if a child wants one of the cars, the Estate could sell the car to that child for its actual "fair market" value. That child would ultimately receive some of his money back when the resulting cash is disbursed to himself and his siblings. Feel free to contact me if you'd like to talk this through a bit more.