Executor surcharged for below-market sale of property

The executor of a decedent’s estate in New York has been surcharged $630,000, plus 6% interest, for selling the decedent’s residence for only about half of its fair market value, depriving four Lutheran charities and Adelphi University of the value in their remainder interest.

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Executor surcharged for below-market sale of property

Executor surcharged for below-market sale of property