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Saturday, April 16, 2011

Executor's discretion when to sell land

This blog post from Rule of Law talks about a recent case from the Supreme Court of BC in which the court looked at how long an executor could wait before selling land from the estate. In this case, it was 11 years, which the court thought was fine based on the facts. One very important fact here is that all of the beneficiaries agreed to hang on to the land for that long, except for one who eventually changed her mind and demanded the land be sold so that she could have her inheritance. I agree with Rule of Law's conclusion that it would have been a much different outcome if the beneficiaries had not agreed to the delay. Click here to read the post.

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