With a property that has to be sold to close an estate, who will receive the monies left in the estate?

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With a property that has to be sold to close an estate, who will receive the monies left in the estate?

A Will states that a person is to receive a house after the owner’s death. It has to be sold to close the estate. Does this person receive the money after everything is done or does it have to be shared with others in the Will. It states that any money left is to be divided to those named in it.

Asked on July 30, 2012 under Estate Planning, Pennsylvania

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

From what you have written, if a certain beneficiary under a Will is to receive a home, but the home had to be sold to have funds to close the particular estate, the person who who was to receive the home gets the money from its sale instead.


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