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Dear List-mates,
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<div class="">PCs (H & W) with three children. Main asset is the house. Wills to state that all assets go to surviving spouse, then to three children in equal shares. Pretty straightforward.</div>
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<div class="">PCs want to include a provision in their Wills that once the survivor spouse passes away, one of their three children should be given the opportunity to buy the house
<u class="">at an easily ascertainable price.</u> They do not want the realtor commission and the appraisal fee. So, in their mind, they see a formula of Zillow estimate (their view of market price) minus 7% (approximate sales commission). </div>
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<div class="">I have many problems with this approach and have discussed with them at length the proper ways for the PR to handle that matter when the time comes. </div>
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<div class="">Nonetheless, they still want a clause in the wills that does something of this sort. </div>
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<div class="">Any ideas?</div>
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<div class="">Thanks,</div>
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<div class="">Neli</div>
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<font color="#5bd2e6" class="">___________________________________</font></div>
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<b class=""><font color="#1b40af" class=""><font class=""><span class=""> Neli Espe, J.D., </span></font><font class=""><span class="">Olympic Legal </span></font></font></b></div>
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</span><span class="" style="font-size: 12px;"> 360.630.3635</span></font></div>
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<div class="" style="font-family: Optima-Regular; margin: 0px;"><span class="" style="color: rgb(19, 63, 233); font-size: 12px;"> <a href="http://olympiclegal.com/" class="">olympiclegal.com</a></span></div>
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