[WSBAPT] Probate Ready to Close but holding a real estate contract

[Jeff at bellanddavispllc.com]

Listmates:

 

A probate estate is ready to close with the only asset to distribute is a
real estate contract in which the buyers have until 2030 to payoff.  They
are making monthly payments.  The six equal beneficiaries under the Will,
are friends of the decedent, no children or other blood relative.  Not
having done this before, I assume the PR opens a collection account with a
bank/title company with instructions to disburse the funds every 3, 6 or
whenever, to the beneficiaries.  Have any of you done this before?

 

Jeff Davis

 

W. Jeff Davis

BELL & DAVIS PLLC

Attorneys at Law
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129 
Fax: (360) 683.1258 
email:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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