Here's the blueprint, yall.
I am an heir to my grandfather's estate.
There was a piece of property up for sale, and was offered to the heirs, higher than it's value. The administrators were notified it was too high, but that there were interested heirs.
Two months passed. The heirs then received an email that the property had been sold for a whopping 40% less than it's appraisal, to a dealer. Without offering it at any lower price than the original offering.
The dealer was then contacted, and he denied he'd bought the property.
The administrator was confronted, and admitted that it hadn't really been sold to the dealer, that she instead sold it to her son (We'll call him Bob), for the benefit of one of his relatives. Bob, interestingly, is the guardian for 4 of the minor children heirs. AND he's an attorney. Bob knew the property was appraised forty percent above what he'd bought it at. He also knew the other heirs had not been notified, had not consented to the sale, nor to it's being sold at that price.
Are there any problems with this that anyone else sees?
I am an heir to my grandfather's estate.
There was a piece of property up for sale, and was offered to the heirs, higher than it's value. The administrators were notified it was too high, but that there were interested heirs.
Two months passed. The heirs then received an email that the property had been sold for a whopping 40% less than it's appraisal, to a dealer. Without offering it at any lower price than the original offering.
The dealer was then contacted, and he denied he'd bought the property.
The administrator was confronted, and admitted that it hadn't really been sold to the dealer, that she instead sold it to her son (We'll call him Bob), for the benefit of one of his relatives. Bob, interestingly, is the guardian for 4 of the minor children heirs. AND he's an attorney. Bob knew the property was appraised forty percent above what he'd bought it at. He also knew the other heirs had not been notified, had not consented to the sale, nor to it's being sold at that price.
Are there any problems with this that anyone else sees?