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Q. Can an executor sell the home in the estate to a co executor at a discount without approval from the beneficiary?
A. The last time I visited that subject here in Allegheny County, an executor needs to seek court approval to purchase real estate owned by an estate. It is a conflict of interest for the executor to sell realty to himself or herself. If the beneficiary is in agreement with it, and the agreed upon sales price is not ridiculously low,... Read More
Q:I have heard that if I die without a will, the government takes all of my money and property and my heirs receive nothing. Is this correct?
A: Absolutely not, but you would be surprised how many people think so. If you have a valid will at the time of your death, your property and money will pass to whom you name as heirs in the will. This is of course after all estate taxes and expenses are paid. If you die without a will, your property and money will pass... Read More