Wht to do if someone leaves a homestead to 1 daughter and then states remaining residue of property to be divided by the remaining 2 daughters?

Wht to do if someone leaves a homestead to 1 daughter and then states remaining residue of property to be divided by the remaining 2 daughters?

Does the profit earned on selling the home become a “residue of the property”? Or does the daughter to whom the homestead was willed to become solely the one that inherits the money made?

Asked on August 29, 2012 under Estate Planning, Minnesota

Answers:

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.