Why Do Courts Review Estate Sales?
August 29th, 2008 By Peter G. Miller
In many states, property sales made by an estate are subject to court review. The reason is that real property is typically a major asset within an estate, and if such a major asset is sold for less than full market value the interests of the heirs will be injured (and, of course, perhaps the estate will be diminished and less taxes collected).
In some cases, however, it’s possible to get a good deal on estate property because the heirs often want to sell quickly for tax purposes and personal reasons.
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