Can I legally sell/dispose of a piece of equipment left on inherited property?
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Can I legally sell/dispose of a piece of equipment left on inherited property?
The property with home was willed to me. The bulldozer was not on the first or final inventory list of the estate. Do I have the right to dispose or sell it? The estate is now closed. I need to know if I can legally get rid of it and not have to ask all the heirs.
Asked on August 15, 2011 Arizona
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If the real property you inherited came with a bulldozer on site and you are now record owner of the parcel, you now own the bulldozer as well. You have every right to dispose or sell the bulldozer that was on the property when title was placed in you name even though it was not listed in the estate's asset inventory.
If you are not aware, most construction or farm equipment such as tractors, discs, harrows, combines do not come with registered title from my experience.
If you decide to sell or give away the bulldozer, I recommend that you draft up a simple "bill of sale" to the new owner describing the item with its make, model, and serial number. Date and sign the "bill of sale" stating the amount of the sales price if applicable. Keep a copy of the document for future reference.
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