Posts Tagged ": fiduciary litigation"

Estates Selling Property to Pay Debts

Posted on May 7, 2015 in News

Issue: Estate without enough cash to pay debts of the estate. What happens: Petition to sell real or personal property 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 this situation. First prong of the attack was the actual...

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