Michigan  |  Wills and Trusts

Legal Question

Asked on: 7/14/13, 11:21 am

deceased parents offer to sell house to child heir at cost (56k), 3 heir beneficiaries, would/should the purchasing heir get 1/3 of the 56k back as estate inheritance from proceeds of the sale? (my brother is attempiting this)

1 Answer

Answered on: 7/14/13, 11:47 am by Glenn Matecun

Assuming there is no contrary language in the Will, and assuming the home is being sold out of the estate, and your brother is entitled to a one-third share of the estate, he will pay $56,000 to the estate, and then receive one-third of that amount (and one-third of any other estate assets) when the proceeds from the estate are distributed. Think of it this way: if your parents left the house to all three of you, he would be entitled to a one-third share of the house. He shouldn't be required to pay for his one-third share of the home.

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