Wholesale an estate my family is the executor of

[James Atlas]

In situations like this, it’s pretty great not be the first person ever to come up with the idea. So hopefully you could help me a bit. 

We live in New Hampshire and my mother was named the executor of an estate of a late family member. The assessed value of the late family member's house is $300,000. The fair market value is around $380,000. Can I start a wholesale LLC, have the executor sign me the contractual rights to sell the property, find a buyer for $380,000 then pocket the difference? There's a huge supply shortage of sellers in the area right now, so finding a buyer for the value should be pretty easy.

But I feel like this is too good to be true. Am I missing something?

-J. Atlas

[Chris Martin]

James, do you always think about how to defraud other people, or just close family? 

Insist the executor act in good faith and list the property on MLS and get an arms-length transaction. I'd hate to see you or others prosecuted. "a fiduciary shall administer a trust or estate impartially, based on what is fair and reasonable to all of the beneficiaries" NH 564-C:1-103 Fiduciary Duties; General Principles

Disclaimer: I'm not an attorney in any state. The above is not legal advice, but for entertainment purposes only. Questions? Get your own legal counsel.