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fox_flyer
Guest
My question concerns California law and no valid will. After some time the court appointed my brother personal administrator. Most of the money was in stocks and my brother said he was prevented, by law, from selling the stocks. He said that he had to petition the court to sell the stocks and his only option was if he sold the stocks that the money had to go into the bond market. I was under the impression that when a person is appointed administrator he or she has the right to liquidate assets and put them into an estate account without court approval. Is this so or does California law dictate something different? The stock market has lost a great deal of value and so has the estate.