If i have declared bankruptcy within the last 3 years, can i become an administrator of my mothers estate?

Asked over 1 year ago - Woodmere, NY

mother died without a will , the apartment has an $ 80 , 000 mortgage . she was receiving Medicaid and they MAY put a lien on the estate , which only includes the apartment . i want to try and sell the apartment and my sister wants to walk away from it and let it foreclose . if she becomes the administrator , does that mean she has the power to do what she wants with the apartment ? thanks you so much in advance .

Attorney answers (1)

  1. Michael J. Ireland

    Contributor Level 12

    2

    Lawyers agree

    1

    Answered . I will answer your questions as they were listed.

    1. A prior bankruptcy does not disqualify someone from being the administrator/executor of an estate. However, if a BOND is required, it may make the bond more expensive.

    2. Generally, the administrator or executor of an estate has the right and obligation to make decisions about disposition of the estate's assets. However, the administrator can't just throw away assets - they have to maximize the value of the estate. So, yes the administrator likely will decide if the apartment is abandoned or an attempt to sell it is made, based on the costs versus the possible income.

    It sounds like you should contact a local, competent estates and trusts lawyer for advice.

    I will tag this question "Estates and Trusts" in hopes of getting a better response for you.

    Good luck.

    If you need further clarity, please email me at MICHAEL@MIRELAND.US Answers to questions are for general... more

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