Depending upon the language of the trust instrument, it might be possible for the property to be sold by the trustee prior to distributions being made. Or, it might be possible to make distributions to some in cash and others in kind. I think you do need to review the situation in person with an attorney, particulary if there is a question as to how real estate is presently titled of record.
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All that you "waive" is the right otherwise to get notice of the probating of a Will by certified mail. This notice form only moves the entire probate process faster by causing the statute of limitations for any will contest action to begin sooner. The form itself advises you about the deadline for such an action, which depends upon the date of death and the date the executor certifies to the court his or her receipt of proof that notices were served on all necessary parties. The probate...
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