November 19th, 2013
Holding real property can be a huge financial drain on an estate. There are a lot of reasons why it might make sense to try to sell property rather than maintain it during the administration of an estate.
In Georgia, when it comes to selling estate property, however, it makes a difference whether it is a personal representative selling the property or whether it is a temporary administrator selling the property. Because, as the Georgia Court of Appeals made clear in In re Estate of Price, a different standard will apply based on the authority of the fiduciary selling the property. (more…)