If a house is left in a Will, can the executor of the estate sell the property for any amount they want to?
Question Details: The property in question was left to 4 beneficiaries.
Victor Waid / Law Office Of Victor Waid
Answered 1 month ago
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No the sale must be for the fair market value, generally as determined by a qualified appraiser. The executor can be liable for breach of his fiduciary duties to estate for mismanagement of the aasets of the estate and failing to obtain the best price on sale of estate assets.