Donate SIGN UP

administration of an estate

Avatar Image
magsd | 20:03 Sat 25th Apr 2009 | Law
1 Answers
can the person who has appointed himself administrator of his late mothers estate buy her house at a greatly reduced price for himself. there are two other beneficiaries
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by magsd. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
No, absolutely not. A) he is in a position of conflict and b) this is in breach of the self dealing rule.

The administrator is under a duty to obtain the best price for any asset for the benefit of the estate. Seek legal advice.

Only 1 answerrss feed

Do you know the answer?

administration of an estate

Answer Question >>