Probate --- a settlement was reached out of court before executor was appointment by judge. All beneficiaries signed and agreed to the following: I would get company shares and promissory note. Why is probate referee asking for information related to value of company, is this correct?
1 Answer from Attorneys
If there is no Executor, then I am not sure how there could be a formal settlement involving Trust assets. That aside, the Probate Referee is responsible for appraising all assets belonging to the Probate Estate even though you've agreed to distribute them a certain way. The Referee's fee is based on the value of the Estate assets.