Q: My fathers Will states I get first pick of car. Do I have to pay my two siblings the value of the car?
The car I chose is paid in full. Siblings are telling me that in order for me to have the car I must pay the value of the car to my two siblings from the inheritance money I will receive. Example - Car is valued at $16,000 and they advised that our attorney said I must take $16,000 from my final payout of inheritance money to be divided between my two siblings. If the car was left to me in a Will why would I have to "purchase" it?
A: For an attorney to be able to advise you properly, he or she would have to review the provisions of your father's Will and might need additional information. You should consult with a probate attorney.
A: Without reading the will, it is difficult to say. However, it would be very normal for each heir to pay into the estate the FMV of the property received.
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