Diana v. Bentsen

BENTON, Judge.

Wilfred P. Diana and Ronald S. Diana, as personal representatives of the estate of *1375their mother, Catherine M. Diana, appeal an order directing sale of the estate’s interest in a closely held corporation, Diana Estates, Inc. In the alternative, the order requires sale of the corporation’s principal asset, real estate situated in Hunterdon County, New Jersey, and dissolution of the corporation. Appellants’ sister, Elissa D. Bentsen, herself formerly a personal representative, argued successfully below that the will requires one sale or the other. We reverse the order directing…