Executor Surcharge In Sum of $630,000 Plus Interest for Breach of Fiduciary Duty in Selling Real Estate Property Grossly Below Its Fair Market Value
In a contested accounting proceeding, the movants had moved pursuant to CPLR §3212 for “an order granting partial summary judgment and seeking an order surcharging the executor the sum of $630,000 plus statutory interest for breach of his fiduciary duty in selling estate property grossly below its fair market value of $1.3 million.” The decedent had died on March 31, 2009. All of the residuary legatees and the Charities Bureau of the New York State Attorney General objected to an accounting on various grounds. The subject motions addressed an “objection relating to the sale of the decedent’s real property below market value.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
