If the fiduciary has been granted full administrative powers under the Independent Administration of Estates Act (IAEA), or the property is held in a non-court supervised trust, court confirmation may not be required.
The timing of these sales resembles that of a regular real estate transaction. The executor-administrator, however, is exempt from disclosure, unlike an ordinary sale.
All heirs must be notified in writing of the sale, and have 15 days to object to the sale (some trusts allow 45 days to object). If an objection does occur, and it cannot be overturned by the fiduciary or attorney, the sale would most likely need to go to court for confirmation.
