if my friend is the executor of an estate and would like to give me the property in the estate, which has a value of less than $5000, how do we do this?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
if my friend is the executor of an estate and would like to give me the property in the estate, which has a value of less than $5000, how do we do this?
How do we go about making the transfer?
Asked on February 6, 2013 under Estate Planning, Pennsylvania
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
The executor of an estate has no authority to give property of an estate away to anyone. The executor must have legal authority from the court in the way of a court order identifying the property, after due notice of the proceeding to all benficiaries of the intneded transfer; beneficiares have the right to file objections.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.