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Good evening. You are exactly right, the children don't get to benefit by delaying the distribution to the grandkids. The assets either need to be sold to make the distribution to the grandkids or $1,000,000 in value of assets needs to be distributed to the grandkids...so that if this building is worth $1,000,000 it needs to be distributed to the grandkids in undivided 1/10 interests each. That would then result in the grandkids being entitled to the income generated by the assets. The estate
and its assets are not the executor's personal piggy bank. The executor has a fiduciary duty to each beneficiary administer the estate timely specifically in accordance to the will. If the executor fails to do so, you can file to have the executor removed for breach of fiduciary duty. Then, if there is any misappropriation of estate assets or funds, you can also ask the court to award actual and punitive damages against the executor.
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