If a house is left in a Will, can the executor of the estate sell the property for any amount they want to?
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If a house is left in a Will, can the executor of the estate sell the property for any amount they want to?
The property in question was left to 4 beneficiaries.
Asked on February 5, 2013 under Estate Planning, Maryland
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
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.
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