Distributing your estate is a massive undertaking. Determining who gets what and how your estate splits among beneficiaries is a big part of creating your will. But what if you don't want to give your estate to someone in your will?

Is it possible to sell your estate instead? In this blog, we'll go over some unique scenarios and the complexities of estate distribution.

Property Passing Through the Will

When you go to the best estate planning attorney New York City has to offer, the first thing they'll likely do is determine what property can pass through the will. Don't assume that every house, piece of land, or fine art you own is part of your estate distribution. While most items you own will be, there are some exceptions.

Any piece of property with existing arrangements will not go through the will. That includes property in a trust, property with an already named beneficiary, or property with a right of survivorship. The last one is what commonly prevents you from selling your estate. If you own property with someone else through joint tenancy, it automatically goes to them, and you have no way to sell it. The same goes for situations involving tenancy by the entire community property. If you are looking for an estate planning attorney in New York City, visit this website.

For everything else, you're free to make plans as you wish. But you have no control over anything that doesn't go through your will.

Selling Your Estate

If you want to sell your estate, there are a few different approaches. What's right for you will depend entirely on what you have planned for the proceeds.

Typically, sale instructions get laid out for your executor. The executor is the individual or company you assign to fulfill your wishes after you pass. You can instruct the executor to sell your estate and manage the proceeds. Typically, people choose to give proceeds to a charitable organization.

Working with the best estate planning attorney New York City has ever seen will make this process easy. All it takes is naming the person or organization you want as your beneficiary. Once the details are set, your executor will manage the sale and distribute funds accordingly.

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