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Does anyone know the proper way to list/leave shares in the co-op to heirs in a will or to the estate?
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Although I'm not an attorney, shares in a co-op are considered personal property, not real estate so I expect they should be listed as such.
Keep in mind that while the shares may be left to an heir, the right to occupy the apartment does not necessarily automatically transfer. Read your proprietary lease and check with your attorney to avoid any legal roadblocks or disappointment. Depending on who the heir is, the corporation may still have the right to review, interview, and potentially reject a named heir.
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