How Executors Avoid Personal Liability. Lynne Butler

is most often applicable when an executor wants to buy real estate, as opposed to household objects or vehicles, from the estate. If this is your situation, make sure that you can demonstrate to the court through evidence that you are paying a fair price. This would be done by getting independent appraisals (more than one is best) of the property.

      If you obtain court permission to purchase a property, the beneficiaries will not be able to complain later on that the deal was not fair. At the time you apply to the court for permission, any beneficiary who objects to you buying the asset should be given notice of your court application so that the objections can be heard and dealt with.