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Old 10-10-2007, 06:19 PM
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Join Date: Sep 2007
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Default Queston for anyone who lives in Indiana

My sister-in-law sold a couple of items from her dad's estate before the auctioneer came and went over everything and marked down what was supposed to be sold the day of the auction. Since she did that, she doesn't have to wait until the estate closes to divide that part up between the 5 siblings,right? Even while the dad was still alive, one of the siblings spouses bought something from the dad and split the money 5 ways between the kids. I was just wondering if they would be able to get that money early before the estate closing. We could really use some of the money now.

Thanks,
Judy
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Old 10-10-2007, 06:34 PM
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Join Date: Nov 2006
Posts: 462
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Originally Posted by Judy1979 View Post
My sister-in-law sold a couple of items from her dad's estate before the auctioneer came and went over everything and marked down what was supposed to be sold the day of the auction. Since she did that, she doesn't have to wait until the estate closes to divide that part up between the 5 siblings,right? Even while the dad was still alive, one of the siblings spouses bought something from the dad and split the money 5 ways between the kids. I was just wondering if they would be able to get that money early before the estate closing. We could really use some of the money now.

Thanks,
Judy
Yes, in some cases, partial proceeds can be distributed from the estate in accordance with the will, although some administrators/executors may wait until all debts have been paid before distributing the remaining assets. It all depends on both the executor/administrator and particular estate in question. Again, this and other information can be found at http://www.legalmatch.com/law-librar...-executor.html under "Duties of the Executor." (last time I'll post it, promise.)

Last edited by TheJury'sStillOut : 10-10-2007 at 06:37 PM.
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