QUESTION
sibling owes the estate money can i deduct it from his distribution
Asked on Feb 17th, 2015 on Estate Litigation - New Jersey
More details to this question:
One sibling out of 5 owes the estate money for unpaid bills while he was living in the parents house. The house is sold. Before distributing the money to the other four sibling can I deduct the one's bills and give him the remainder the redistribute his payment of the bills owed the estate to the other 4 siblings
1 ANSWER
2 Awards
Yes - you absolutely can do that, but make sure that everyone is in agreement with what is owed, and what is being deducted. Get the party that is living in the house to sign a release, indicating responsibility for the payment and acknowleding that is the correct amount owed.
Answered on Feb 17th, 2015 at 2:01 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship