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<DIV>Sales to a non-intervention PR must be approved by a judge. Get the
appraisal, do a P&S contingent on court approval, make a motion to approve
sale in open court after notice to everyone. If judge is satisfied and
signs the order, end of story.</DIV>
<DIV> </DIV>
<DIV>Josh</DIV>
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<DIV style="font-color: black"><B>From:</B> <A title=mkgroutlaw@gmail.com
href="mailto:mkgroutlaw@gmail.com">Melinda Grout</A> </DIV>
<DIV><B>Sent:</B> Monday, May 23, 2016 8:33 PM</DIV>
<DIV><B>To:</B> <A title=wsbapt@lists.wsbarppt.com
href="mailto:wsbapt@lists.wsbarppt.com">WSBA Probate & Trust Listserv</A>
</DIV>
<DIV><B>Subject:</B> Re: [WSBAPT] Probate: Sale of House</DIV></DIV></DIV>
<DIV> </DIV></DIV>
<DIV
style='FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: "Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; DISPLAY: inline'>Clearly
the PR is in a difficult fiduciary position when also an heir. I always
have that conversation with the PR if something like this comes up. I
strongly encourage the PR to consider whether the proposed action could in any
way be seen as a conflict, as even the appearance of conflict can cause lots of
problems, and then to bend over backwards to keep it entirely transparent.
I’ve even helped a client run the numbers on the net to the estate with 3rd
party buyer closing costs vs. without those costs, and then voluntarily add some
$$ to the price PR pays, just to show good faith. Always, of course, offer
the other heirs the chance to purchase…
<DIV> </DIV>
<DIV>This does come up often enough, either with the PR or with the resident
heir wanting the home. Use a similar process for that heir too, so other
heirs are able to see there is no favoritism. Also use this process if
there is a neighbor who’s been waiting to get a great deal once the owner
dies. </DIV>
<DIV> </DIV>
<DIV>Btw, assume you know that if/when the home does get listed for sale, the
listing agreement needs to specify the initial offerer as an exception, so that
the commission only applies to any buyer the agent brings to the
table.</DIV><BR><BR>
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<DIV
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<DIV
style="WORD-WRAP: break-word; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(0,0,0); LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; -webkit-text-stroke-width: 0px">Regards,<BR><BR>Melinda
Grout<BR>Law Office of Melinda K Grout, PS<BR>17325 W. Main Street / P.O. Box
1360<BR>Monroe, WA 98272<BR>360-794-4322 / Fax: 425-744-6745</DIV>
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