The applicant, an estate trustee and beneficiary, brought a motion for directions regarding the sale of the deceased's home to two other beneficiaries, who were also estate trustees.
The purchasing beneficiaries sought to credit their one-third beneficial interests against the discounted fair market value purchase price.
The applicant argued that the full purchase price should be paid to the estate to cover potential estate expenses before final distribution.
The court directed that the beneficiaries must pay the full discounted purchase price to the estate, without crediting their beneficial interests, to ensure sufficient funds for anticipated estate costs.