Mum recently passed. Their are 4 children - eldest is executor of will, rest beneficiaries. Selling Mums house. Does beneficiaries have any say of how house is sold? Or does only eceutor have say? Does the executor have to keep beneficiaries informed? Can executor sell the house @ low price?

Amanda. Hi. I am not a Solicitor, but I can say that the executors role is to act in the best interest of the beneficiaries. If the house was to be sold at below full value, the Executor could be exposed to legal actions from the beneficiaries. Lots of issues to consider, ie your earlier post about drop in value due to easement. Yes, the Agent should have done homework and better informed you in this regard.
The only suggestion ( from outside the fence) is that you suggest to your Brother (the Executor) to obtain a private valuation to backup / support the Agents latest estimates.
Hope this helps
Regards
Ken Olds
Mortgage Broker
Customers First Mortgages & Insurance
1300 ASK KEN (275 536)
www.AskKen.com.au

Hi Amanda,

I would second Ken's answer and also add that if you feel that there may be issues or you want to understand your obligations and rights as a beneficiary to contact an Estate Planning Solicitor. There are some fantastic ones attached to this site and I know Coutts Solicitors are great in this area.

Kind regards,

Ronald Pratap
Principal Financial Adviser
RP Wealth Management
Level 2, 351 Oran Park Drive, Oran Park 2570
T: 02 9188 1547 M: 0434 502 079
E: ronald.pratap@rpwealthmanagement.com.au
W: www.rpwealthmanagement.com.au