Furnitures - How do I divide an estate of furniture when one wants one piece of furniture and the others want to sell all?

How do I divide an estate of furniture when one wants one piece of furniture and the others want to sell all?

I am executor of my dad's will. Property to be divided equally between 3. All he had was furniture. Estate auction and divide the money was my plan. Now, my sister wants one piece of furniture. Do I get that one piece appraised, sell the rest? What if the rest of the furniture sells for less than that one piece appraised for?

Public Comments

Are you kidding me?? let the one who wants it to pay the other 2...for it. be real here..
This is why they have an executor. To decide what to do when the heirs do not agree. It should turn on pure finances, but in reality it will turn on many factors, including the relationship between the siblings.
Just a thought here. What you could do is go and put it all up for auction. Make it where the person that wishes to have the one piece of furniture be the one allowed to bid on that particular piece and no other family member or those receiving the inheritance. What this person pays for the item go into the grand total which is to be split between all individuals involved -- including the one that bid on the item. The person that got the piece of furniture is still allowed their 1/3 of the estate -- it's as if that person was any other bidder. The person that receives that furniture does get a third of the money, but 2/3 of what they paid for the furniture goes to the inheritors.
Well unless 2 of you are greedy pigs. Just come up with a value on what you think the piece is worth between all 3 of you. Then after you sell the rest of the furniture, if it sells for less than you think it does, then readjust the price your sister paid downwards. There is no need to get it appraised. Actually unless it is someone an antique or really valuable. You and your sibling, should just let your sister take it, Then sell the rest and divide the money. I mean, if your talking 2 or 3 hundred dollars, who cares ? Are you in that much financial need that the money is that important?