Legal Question in Wills and Trusts in Kentucky
If a piece of real estate is left to three beneficiaries and it is sold and the money is placed in the estate of the decedent why wouldn't personal property left to another beneficiary have to be sold and placed in the estate as well?
Asked on 9/09/11, 3:36 pm
2 Answer from Attorneys
Andrea Welker
Welker Law Office
Because real property usually can't be divided, so that's why it is sold to give the beneficiaries their equal shares. If the beneficiaries all wanted to own the property together, it probably didn't need to be sold. Personal property left to one beneficiary obviously doesn't need to be divided.
Answered on 9/11/11, 8:30 am