Skip to main content

Does Wealth.com Support Distributing Real Estate to Multiple Beneficiaries?

On the platform, we don't allow real estate to be passed to two or more beneficiaries for a few reasons - mainly because it sets up the beneficiaries for a lot of conflict.

For example: if one beneficiary ends up using the property more than the other, all beneficiaries are legally expected to pitch in for the expenses along with their respective shares. And then, if a beneficiary stops paying their share of the expenses, the other beneficiaries are all on the hook for the combined expenses without much of a way to “disinherit” the non-paying beneficiary. It sets up families for a lot of problems down the road.

For this reason, we recommend that the person hear the advice of an attorney if they want to split it between two individuals specifically.

If you would like to Consult an Attorney on this, you can do so under your initials in the right-hand corner of your account’s homepage and select Consult an Attorney from the drop-down options. This will trigger on our end to start that process with you.

Did this answer your question?