Are there any special rules for the sale of real estate by an executor?

Yes, there are special rules for the sale of real estate by an executor in North Carolina. The executor has a fiduciary duty to act in the best interest of those who are to receive property from the estate. The executor must also comply with all applicable laws and court orders. The executor has the responsibility to follow the terms of any Last Will and Testament as it relates to the real estate. If the Will does not provide specific instructions, then the executor must sell the land according to the rules of the North Carolina Probate Code. The executor must seek court approval to sell real estate, and must provide notice to all those who have an interest in the property. The court must approve any sale and make all necessary orders in order for it to be finalized. The executor also must have an appraisal of the property, and advertise it for sale. It is recommended that the executor also have an attorney review the sale to ensure that all state and federal laws are complied with. The executor must also conduct any required settlement processes and provide an accounting of the proceeds. The executor must also report all of the sale proceedings to the court and make sure that all taxes and other obligations related to the sale are paid.

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Are there any special rules for the sale of real estate by an executor?

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