Legal Question in Wills and Trusts in California
if the court says an estate is worth $150,000 but the property is actually worth much more then that can the executor sell the property for the lower amount without letting the other heirs know about it?
2 Answers from Attorneys
It is the executor's fiduciary duty to maximize the estate income for the beneficiaries using reasonable efforts.
It sounds like you are asking about the perpetration of a fraud against the beneficiaries of an estate. The answer, if not obvious, is "no". This would be a violation of the exectors duties and can impose civil (and possibly criminal) causes of action against the executor.
If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com
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