Practical, real-world information about wills, estate planning, business succession planning and elder law in Canada
Dear Lynne,Can an executor sell a property in the estate to his friend/relative without asking/telling the beneficiaries? Thank you.
Yes. The executor must make a sale that is reasonable in terms of price, and if the purchaser happens to be known to him, that's ok. This is only a problem if the executor is doing something against the estate, such as selling the property at a fire sale price. The beneficiaries do not get to choose to whom a property is sold.Lynne