Can cash be distributed to heirs if there is still a hometo be sold and that’s part of the estate?
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Can cash be distributed to heirs if there is still a hometo be sold and that’s part of the estate?
Asked on September 6, 2012 under Estate Planning, Louisiana
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under the probate codes of all states in this country, a partial distribution of assets of a given estate can be distributed to the heirs subject to court approval after notice to all interested parties is given even if not all assets of the estate (home for example) are liquidated.
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