Does owner-financing income transfer to me or get split after my dad dies?

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    USER

      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?

      #112735 Reply
      Trey

        And always remember family relationships are most important. May sound redundant

        #112736 Reply
        Bill

          It will be split by whatever the will says. The source of the funds doesn’t matter.

          #112737 Reply
          Sue

            If 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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