@BobKamman @IRonMaN 

About a different estate matter. Can you answer this question?

Person died intestate.  No will or trust existed.  All assets went into probate in CA.  (The court ordered an Inventory and Appraisal.)  By agreement of all beneficiaries and the court, it was decided that 1 beneficiary would receive property, while the other 3 received the net cash (principal less taxes, attorney fees, etc.)  Do all 4 get K-1s?

The executor claims only the 3 get a K-1. 

These 2 points are the only language in the agreement that I think is pertinent.

B.  Whereas, the legal heirs of the estate are his four siblings;

C. Whereas, "... the Heirs have a legal right to an equal, pro rata distribution of the estate;

Do I need to look to the CA Probate Code? 

 

 

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