Q: How does Probate Court determine the sale price of a home? Can the beneficiary adjust the price?
The beneficiary wants to sell the home at less than appraisal.
In Nevada if the personal representative is appointed with Full Authority Under the Independent Administration of Estates Act, the personal rep sets the sales price and give notice to all beneficiaries. If anyone objects, then the following procedure is used which is also used if the personal rep. is appointed w/o Full Authority:
The personal rep publishes the time for a court hearing on a given sales price. At the hearing a person wanting to pay more can offer to do so. This is a very brief summary.
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