What Happens if Timber Was Sold Before a Parent Passed Away? | NC

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Q: What happens if timber was sold under an agreement signed before a parent passed away? A: Usually, it depends on whether your parent signed a binding timber sale agreement before death. If that agreement was valid, the estate may own the right to payment or any unpaid proceeds, even if the money came in later. But the land itself often passes directly to the heirs at death, so post-death…