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My dad has 4 buildings. In his will, 2 go to me, and 2 to my sister, in attempt to be fair. He has sold one building that was to go to me, but did owner financing.
When he dies, will the owner financing income still transfer to me? Or will that asset be split?
TreyAnd always remember family relationships are most important. May sound redundant
BillIt will be split by whatever the will says. The source of the funds doesn’t matter.
SueIf the property in the will shows it is to go to you then the trustee of the estate will prepare sign and record an assignment of beneficial interest for the note and an assignment of deed of trust and that one gets recorded
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