Division of estate

morris200 said:

What is the name of your state? Louisiana

My aunt passed away and left her estate equally to 5 siblings and myself. It is almost entirely held by a financial service (brokerage), 7% cash, 16% equities, the rest in fixed income instruments made up of closed end mutual funds, CD's, municipal bonds, and annuities.
How will this be disbursed--liquidated and divided automatically or duplicate statements sent to each person until request is made to either transfer or liquidate. In the case of large undividable issues, would a majority be needed to liquidate?

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anteater said:

Unless your aunt's will specifies differently, the estate's personal representative will probably liquidate everything and distribute the proceeds in cash.

The personal rep would have to be a masochist to try to divvy up individual investments into 6 pieces. (Besides, if I were the personal rep and did the "divvy up" method, I would charge the estate a bundle for the effort.)

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