Posts Tagged ": fiduciary litigation"

Estates Selling Property to Pay Debts

Posted on May 7, 2015 in News

What if the estate lacks enough cash to pay debts of the estate? Answer: The administrator or executor will have to petition to sell real or personal property to pay the debts. Occasionally an estate has to sell assets of the estate to pay debts and expenses. Normally, this is not a problem if there are heirs to share and share alike. But what happens if the executor or public administrator wants to sell a specific assets, such as real property, that would be inherited by Beneficiary X, which in turn benefits the remaining heirs as a result. This happens. Kirk Sanders has contested cases in...

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