Can An Executor Be Be Prevented For Selling An Asset That Is Undervalued

[johnpjohnp]

can an executor be be prevented for selling an asset that is undervalued

[Hymie]

I would say no, but clearly an executor has a duty to obtain fair value for the assets.

If an asset is bequeathed to a single person, then rather than selling the item, it could be given to the person to do with as they please.

But imagine you are tasked with selling a property and sharing the proceeds as directed by the Will. You sell the property to your mate for £1 and share out the £1. In such a case I would expect that the beneficiaries would bring a successful case of fraud against you. But say you sold the property at £20k under market value; it would be much harder for the beneficiaries to bring a successful action for fraud/loss.

If the question relates to a real situation, I would discuss the value of the asset with the beneficiaries to try and avoid any such disputes over the value.