What can we do if our sister wants to be “released” from our father’s Will?

Her share is a house to be sold. She would rather we give her money because she needs it now and not get anything when the home is sold. Can we do this and it be binding in the future?

Asked on December 2, 2013 under Estate Planning, Illinois

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

Assuming that your father has passed and your sister is to get a share of his estate when the home is sold, she and the other beneficiaries can under the laws of all states in this country enter into a written, signed and dated agreement setting forth what she will receive upfront in lieu of what she would receive when the home sells. I suggest that an attorney be consulted to draft such a document. One in your locality can be found on attorneypages.com.


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