Legal Question in Wills and Trusts in New York

in a case of business property that was co-owned by two parties at 50-50 and was sold on land contract prior to the demise of one party would the balance of what is owed on the sale become part of the esate.


Asked on 8/22/14, 8:29 am

2 Answers from Attorneys

David Slater David P. Slater, Esq.

Yes, only the deceased share.

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Answered on 8/22/14, 9:24 am
Walter LeVine Walter D. LeVine, Esq.

The decedent's share of the proceeds from the land sale go to his estate. The balance goes to the other owner.

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Answered on 8/22/14, 2:16 pm


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