Short story selling a home that parents lived in no will. I am the administrator only my brother and i have interest only thing in estate is the house vauled at 150,000. My question is can i have the person (lawyer, 3rd party etc) make out the final proceeds from the house directly into my brothers acct as I do not have one? Thanks in advance for your help.

Is it the case that you're actually selling the place for $150,000 . . . . or that it's simply assessed at $150,000 by your local Taxing Authority ?

Regarding the proceeds of a Sale, the Closing Agent can probably just cut you a Certified Check that you can take to a Bank and convert it to CASH.

That same Closing Agent will also be required to file appropriate reports with the Internal Revenue Service and the State of New York, as the Sale will be a Taxable Event.

Actually selling the place for 155,000. Thanks for the response.

What question(s) are you attempting to answer here?

Your brother might mot want all the money deposited into his account. If the irs looks into his account he might have a hard time explaining all that money.

Get a certified check from the closer and take it to the bank and open up an account.

Agree with the last point in that you might want to be creative with how the money is allocated. Last thing you want is the government disrupting the inheritance.

Take your check to the closer's bank and cash that thing!

I'm sure this has long been taken care of but if it hasn't it would be interesting to know why you don't have an account and want to use your brothers. Have large judgments, or lawsuit in progress, just seems like a unlikely problem and simple problem.