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How do I divide an estate of furniture when one wants one piece of furniture and the others want to sell all?
I am executor of my dad's will. Property to be divided equally between 3. All he had was furniture. Estate auction and divide the money was my plan. Now, my sister wants one piece of furniture. Do I get that one piece appraised, sell the rest? What if the rest of the furniture sells for less than that one piece appraised for?
Answer:
Just a thought here. What you could do is go and put it all up for auction. Make it where the person that wishes to have the one piece of furniture be the one allowed to bid on that particular piece and no other family member or those receiving the inheritance. What this person pays for the item go into the grand total which is to be split between all individuals involved -- including the one that bid on the item. The person that got the piece of furniture is still allowed their 1/3 of the estate -- it's as if that person was any other bidder. The person that receives that furniture does get a third of the money, but 2/3 of what they paid for the furniture goes to the inheritors.
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