One has to think that the old adage “No Good Deed Goes Unpunished” was designed specifically for the executor whose job it is to gather up and distribute the assets of the decedent while paying off any claims and juggling the bent out-of-shape beneficiaries who feel that they somehow and someway have been shortchanged.
Among the executor’s more vexing challenges can be the sale of a co-operative or condominium apartment. In that situation, the buyer’s lawyer and title company will want to be very sure that the executor has the ability to make the sale free of any liens or claims. For a co-op, the managing agent will also get into the act and demand his pound of flesh. In order to complete the sale, the executor must usually provide the following: