Executor Selling Car Guidelines

Summary

Executors in Texas have a fiduciary duty to act in the best interest of the estate. Selling a car above market value could be seen as a breach of this duty. Beneficiaries may challenge such actions in court. Consulting a local attorney is recommended for specific advice.

Full Conversation

Can a executer of a will sell a car to someone for more then market value
Hi ****, the law allows an executor to sell assets at fair market value. However, selling above the market value may raise issues. If the beneficiaries disagree, they could potentially sue. It's best to consult a lawyer in such cases. Can I know which state you're in to provide more specific information?
Texas
In Texas:
- The executor has a fiduciary duty to act in the best interest of the estate.
- Selling a car above market value could be considered a breach of this duty.
- If beneficiaries disagree, they could challenge this in court.

It's recommended to consult a local attorney for advice.