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Friday, August 8, 2014

A smile for the weekend

2 comments:

  1. Dear Lynne,
    Can an executor sell a property in the estate to his friend/relative without asking/telling the beneficiaries? Thank you.

    ReplyDelete
    Replies
    1. 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

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