Buffalo, NY asked in Estate Planning for New York

Q: If three out of four heirs agree to a cash offer for apprised value of house does the fourth have to as well?

The fourth heir wants to put house on market to see if a bidding war would happen to maybe get a few thousand more as where the other three are willing to take the garunteed cash offer at apprised value. Can the executor accept the cash offer or do all have to be in agreement

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2 Lawyer Answers
Michael David Siegel
Michael David Siegel
Answered
  • New York, NY
  • Licensed in New York

A: Depends on the discretion of the Executor in the will based on the terms of the will.

Gary Lane agrees with this answer

Gary Lane
Gary Lane
Answered
  • Estate Planning Lawyer
  • Irvine, CA
  • Licensed in New York

A: What does the will say? Does it require unanimity? If not, then Executor may decide to proceed.

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