pretty much summed up-
estate with 5 beneficiaries
3 executors
1 of the executors sons wants to buy the old family home, knock it down (once in his name obviously) and build multiple homes.
Some of the family members are upset about the idea of this and others are not phased in the slightest.
from a purely legal stand point is there anything wrong if a executor refused to sign a sales agreement to people in the family - I see it as a conflict of interest as the seller is related to the executor and could potentially influence the sale & sale process for his child's benefit - ideally I would like to know if as a executor could one or both of the other two say we will not be selling to immediate & extended family (including spouses).
Thoughts???
estate with 5 beneficiaries
3 executors
1 of the executors sons wants to buy the old family home, knock it down (once in his name obviously) and build multiple homes.
Some of the family members are upset about the idea of this and others are not phased in the slightest.
from a purely legal stand point is there anything wrong if a executor refused to sign a sales agreement to people in the family - I see it as a conflict of interest as the seller is related to the executor and could potentially influence the sale & sale process for his child's benefit - ideally I would like to know if as a executor could one or both of the other two say we will not be selling to immediate & extended family (including spouses).
Thoughts???