0
What should you do if executor of mother's will wants to buy siblings out but not at fair price?
Wiki User
∙ 9y ago
Do not sell to them. They can also apply to the court to have a neutral executor appointed. All valuation should be at a fair market price.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What should yo do if the executor of will wants to buy siblings out but not fair price?
Petition the probate court for a new executor. They will most likely appoint a neutral party.
If a home is left to siblings in a will can executor silbling set sale price to sell to other sibling?
Yes, the executor of the estate can make decisions such as this. it is usually best to talk it through if you are on good terms with your sibling.
Can the executor of an estate set the price of the real estate of the estate?
In New York an Executor can set the price of the real estate of the estate. However the price should be close or at the market value. Oftentimes in New York an Executor must have the sale approved by the Court. The Court will then look to see if the price is reasonable. The Executor will have to submit various documents to support his request to sell the real estate at the price s/he he set (i.e. appraisal, tax assessment, etc.) So, the answer is yes the Executor can set the price, but oftentimes subject to the approval of Surrogate's Court.
If the executor asks a lower price for a property than the joint beneficiary wants what are the rights of the beneficiary?
The executor has a duty to the estate to bring the best possible price for the liquidation of the assets. The executor will list the property for what it is worth, not what the beneficiary wants.
What is the definition of Promisor demands and receives as the price for a promise?
executor
Can the executor sell the deceased car to executor's mother?
As long as the court has approved and the car's price was a fair market value it would be acceptable.
In UK law can the executor of a will sell the house at a lower price to what the beneficiary would like and could they end up being sued for doing so?
The executor has a duty to the estate. The price must be a fair market price and the beneficiary cannot choose what that is.
Can the beneficiary's tell the executor how much to sell for in NJ?
Not really. The property has to be sold for fair market value. There is some latitude if the assets exceed the debts of the estate. Or the beneficiary's can agree to a lessor price if it is being sold to another beneficiary. Often siblings will let another sibling buy them out of the property for a lower price.
Can a beneficiary change the asking price for the home to the executor?
They cannot do it unilaterally. They can petition the court to make the price in line with the market.
Can i rent a property that's in probate if i am the beneficiary?
Yes, if the executor approves. It needs to be beneficial to the estate to do so and at a market price.
In Pennsylvania can the Executor set the sale price of the house?
With the approval of the court. The price must be a fair market price. Otherwise the estate is not going to have the assets it needs to close out.
What is the price of the secret rare exeggutor?
The executor is about 5.00 AND also check out pokemon x with T-GAMER'S RAYQUAZA
