Can a deceased person's estate be used as an LLC by the executor to purchase other properties and conduct business?
An executor's duty is to settle up debts, comply with all legal and tax obligations, and distribute assets of the estate according to the wishes of the deceased...
What you're describing would probably be a breach of fiduciary duty.
Thanks for the prompt response.
Would this still be the case if the executor was the sole heir to the decedents estate and is solely using the estate for asset protection?
That's not how an estate works.
Distribute the net assets according to the wishes of the deceased.
The beneficiary can then put the assets into an LLC or trust.
Thank you sir.