What is the name of your state? Minnesota
My sister is the executor of my parents estate, which has myself and two other siblings as beneficiaries. The last thing to handle for the estate is a family cabin that resisdes in a trust. Once the estate is closed the cabin will reside in an LLC where each us become partners and own "shares" equaling to 1/4 of ownership.
The Executor and myself wanted to sell our portion of ownership to the other two siblings. Negotiations broke down on a buyout price and as a result the cabin is going up for sale. However, now the Executor is refusing to close the estate because she said that she was threatened with a lawsuit from one of the other siblings (beneficiaries). The other beneficiaries and I want the estate closed and more say in how and, how much for, the cabin is sold and the remainder of the estate distributed. As beneficiairies, do we have a legal stance to getting this estate closed (when it appears its being held open to protect someone legally) and if so, how would we proceed to make it happen?
My sister is the executor of my parents estate, which has myself and two other siblings as beneficiaries. The last thing to handle for the estate is a family cabin that resisdes in a trust. Once the estate is closed the cabin will reside in an LLC where each us become partners and own "shares" equaling to 1/4 of ownership.
The Executor and myself wanted to sell our portion of ownership to the other two siblings. Negotiations broke down on a buyout price and as a result the cabin is going up for sale. However, now the Executor is refusing to close the estate because she said that she was threatened with a lawsuit from one of the other siblings (beneficiaries). The other beneficiaries and I want the estate closed and more say in how and, how much for, the cabin is sold and the remainder of the estate distributed. As beneficiairies, do we have a legal stance to getting this estate closed (when it appears its being held open to protect someone legally) and if so, how would we proceed to make it happen?