The Estate Trustee During Litigation (ETDL) brought a motion for directions to approve the sale of a commercial property belonging to the deceased's estate.
The sale was supported by one residual beneficiary but opposed by the other, who argued the property was undervalued.
The court applied the principles for approving a sale by a court-appointed receiver or trustee, finding that the ETDL had the power to sell, acted in good faith, and made sufficient efforts to obtain the best price by exposing the property to the market.
The court approved the sale, concluding it was in the best interests of the estate, and awarded costs to the ETDL and the supporting beneficiary.