Legal Question in Wills and Trusts in New York
equitability of a will
my sister recieved 2 rental properties in my fathers will. I recieved another house. She feels the home I recieved is worth more than her 2. I feel the rental income she will be recieving from the 2 houses she was given should be considered in the value of the homes. Does probate take rental income and consider it as part of the value of the homes and or the estate?
1 Answer from Attorneys
Re: equitability of a will
If your father's Will specifically left the two rental properties to your sister and specifically left the other house to you, then there is no need to determine the value of the properties. There is no requirement that the property left to each beneficiary be of equal value. In other words, whatever your father gave each of you in his Will is what you get; no more no less.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
