Executor Duties

[wonderthis]

What is the name of your state (only U.S. law)? BC

Executor and heirs are siblings.

What are the duties of an executor (who has been also provided a conditional Power of Attorney), before and after the death of very elderly parent?

Before Death
- Parent has passed gerontologists competency testing but is giving away monies.
One person in the family seems to think that the executor has the duty to invoke the Conditional Power of Attorney to preserve as much of these liquid assets as possible, something this very elderly person has refused to do when asked.

After Death
What are the duties of an executor regarding the sale of Real Estate to maximize selling price.
There are several competing items -

• waiting till after Christmas,
• using liquid assets to run property in the meantime,
• minor fixes that are cost effective,
• major fixes that could be cost effective,
• major fixes that would not be cost effective,
• most of the fixes cannot be done till spring.

Does the executor have a duty to undertake all or part of these items using estate monies doing all that is reasonable to maximize selling price.
Or
Is it OK for them to sell As Is

 

[anteater]

If "BC" stands for British Columbia, you will probably need to look for a site dealing with Canadian law. I don't believe that any of the responding members here are familiar with Canadian law.

 

[wonderthis]

thank you

Was hoping it was general enough to apply most everywhere.
yes....Couldn`t find anything Canadian. Will search again
Thank you