If my brother and I are the executors of my parents Will and I have 4 other brothers, do they have to be notified prior to making decisons about the estate?

The Will states that the home and property is to sold and the money divided amongst the 6 brothers. The youngest brother has decided that he wants to buy it; which everyone is agreement with. We, as executors, have decided on the price made in reference to the appraisal. Our current lawyer wants to include the other brothers in deciding the price and time frame that it is to be sold. Being the executors, why do they get have to be notified and get to voice their opinions?

Asked on July 19, 2012 under Estate Planning, Ohio

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

You as executors do have the final say.  Your attorney is just playing it safe since by having everyone consent to the price so there is no objection later on or claims that you acted in bad faith.  I am sure that everything will be fine given that you had the proeprty appraised and the price fits with in that amount.  Good luck.


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