[WSBAPT] best way to deed property to heir who is buying out siblings

[Chandra Lewnau]

I have a probate where one heir wishes to purchase the decedent's home. Is
there any reason this can't be done in one step - i.e. a deed from the PR
(as pr and as individual) to the heir - rather than PR to all heirs and
then all heirs to the purchasing heir? It's a small estate with two sibling
heirs who get along well. The purchasing heir will take a smaller share of
other assets and give a promissory note for the remaining balance with a
relatively short payoff. It seems simple, I'm wondering if there are any
tax or other consequences I may be missing.

  *Chandra M. Lewnau*   Wills & Trusts | Probate | Small Business
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