Even years after a person’s death, there can be many aspects of an estate that need addressing. If the deceased utilized trusts or other documents to protect assets, it is not unusual for trustees or other parties to be in charge of estate administration duties for some time. However, this also means that issues could potentially arise if a person believes that the administration is not being properly addressed.
Texas residents may be interested in a situation currently taking place in another state. Reports indicated that the estate of a man who died in 2008 is currently facing a legal dispute with the man’s daughter. Apparently, an oceanfront home was placed in a trust that has the man’s wife as beneficiary. The trustees recently chose to list the home for sale, but the daughter does not believe that action would be in the best interests of her mother.
The estate had filed a petition to obtain the right to sell the home, but the daughter objected to the petition. Litigation is now pending in order to determine whether the home can be sold by the estate. It was noted that the asking price for the property was listed at $46 million.
Individuals in charge of estate administration often have many responsibilities to handle. As this case shows, it is not unusual for some parties to question whether the actions relating to such administration are necessary or beneficial. If Texas residents have concerns regarding the administration of their loved ones’ estates, they may wish to look into their legal options for addressing potential issues.
Source: therealdeal.com, “Estate of attorney asks $46M for Palm Beach home amid dispute“, Mike Seemuth, Sept. 9, 2017