Inexperienced Administrator Removed from Complex Estate

Decedent died owning several LLCs owning real estate in various states of disrepair, and with possible debts in excess of assets, and so the estate was possibly insolvent. The interests of the estate were likely to be jeopardized by the current administrator, who was the decedent’s daughter but only 20 years old, working full time, and inexperienced in real estate matters. Upon the petition of a creditor of the estate, and after two properties were sold without appraisals, the administrator was removed, and the decedent’s business partner (and girlfriend) was appointed as successor administrator. Price Estate, 1 Fid.Rep.4th 185 (Monroe O.C. 2023).

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