- Jurisdiction
- California
Hello,
My brother is the executor of my father's estate and is deducting realtor fees and repair costs from the appraised value of dad's home, even though it will not be sold. Is this appropriate? The move is suspicious to the rest of us because dad wanted the estate evenly divided among us, and the house is worth more than my brother's share. He is willing to "buy us out," but by deducting these costs, he is decreasing the amount he would owe us. Or is this perfectly legal and acceptable? Thank you.
My brother is the executor of my father's estate and is deducting realtor fees and repair costs from the appraised value of dad's home, even though it will not be sold. Is this appropriate? The move is suspicious to the rest of us because dad wanted the estate evenly divided among us, and the house is worth more than my brother's share. He is willing to "buy us out," but by deducting these costs, he is decreasing the amount he would owe us. Or is this perfectly legal and acceptable? Thank you.