Legal Question in Wills and Trusts in New Jersey
Executor abusing estate?
Father holds life estate on a small single family home. He passes and 7 children become tennants in common (without agreement between co-owners). One of the siblings is executor of father's estate.
Can executor cover property taxes and other expenses out of father's estate without permission of other siblings/co-owners?
Asked on 3/19/09, 9:51 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: Executor abusing estate?
Since the Executor has the duty to preserve the assets of the estate, and it benefits all heirs who have an interest in the property, so this is a legitimate expense of the estate. The alternative is for each sibling to pay his/her proportionate share of the taxes.
Answered on 3/19/09, 11:41 pm
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