P
probate
Guest
My uncle died intestate 18 months ago. My father and his brother my uncle are the next of kin.
My uncle agreed to be administrator of the estate which consists of a small farm and sum of money.
However the beneficiaries are in their late 80’s. Both initially wanted the farm sold however the administrator’s son has an interest in the property for himself. He seems now to be influencing his father and taken charge of things, in terms of valuing the property. He has given us a very low value of the farm. which is understandable in the current climate but we weren’t quite expecting such a low value. We believe there is now a conflict of interest.
What I would like to know is that can the administrator go ahead and sell the property to his son? If my father decided he would now like to buy it out who would get first preference if any? Does it go to auction or how is it dealt with?
My uncle agreed to be administrator of the estate which consists of a small farm and sum of money.
However the beneficiaries are in their late 80’s. Both initially wanted the farm sold however the administrator’s son has an interest in the property for himself. He seems now to be influencing his father and taken charge of things, in terms of valuing the property. He has given us a very low value of the farm. which is understandable in the current climate but we weren’t quite expecting such a low value. We believe there is now a conflict of interest.
What I would like to know is that can the administrator go ahead and sell the property to his son? If my father decided he would now like to buy it out who would get first preference if any? Does it go to auction or how is it dealt with?