Getting Board Approval to Bequeath Co-op: Where There's a Will, There's a Way

July 31, 2014 — What to bequeath your co-op apartment to a sibling after you're gone? That grave undertaking could be the death of you, since any assignment of your co-op shares to anyone other than a child or a spouse has to be approved by the board (and sometimes even then). How can you help make that happen, so that you can rest in peace? BrickUnderground.com's "Ask the Expert" column unearths advice from two top real-estate attorneys, who explain the little-known fact that, one puts it, a board can't "unreasonably withhold a bequest to a financially responsible member of the shareholder's family." For more and for details, vault over to the article — it's anything but crypt-ic! (And later check out the Habitat article "Transferring Co-op Shares After a Death.")