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How does an estate adminstrator buy out other beneficiaries?

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Answer:

The estate has to be completely inventoried. Then an independent appraiser has to provide a valuation of the assets. Once that is done, the executor can reach an agreement with the other beneficiaries. At that point he can petition the court with a buyout offer. If there is any feeling of something being inappropriate, consult a probate attorney.

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Aggie80

First answer by Aggie80. Last edit by Aggie80. Contributor trust: 4976 [recommend contributor ]. Question popularity: 1 [recommend question].

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