Opinion ID: 1991120
Heading Depth: 3
Heading Rank: 3

Heading: Post-appointment Payment

Text: [¶ 18] The court does have the authority, however, to order the repayment of the post-appointment payment pursuant to 18-A M.R.S. § 3-712. The court was thus authorized to order that Edwin's payment of $4254.43 to himself and Faith be repaid to the corporation because that payment was made while Edwin was the co-personal representative and thus was subject to fiduciary duties to the estate, which included a fiduciary duty to avoid diminishing the value of an estate asset  in this case, the majority shareholder interest in the corporation. See 18-A M.R.S. § 3-709 (2005) (stating that the duties of a personal representative include tak[ing] all steps reasonably necessary for the management, protection and preservation of, the estate in his possession). The court's conclusion that this payment should be repaid by Edwin is also supported by 18-A M.R.S. § 3-713, which provides that any transaction which is affected by a substantial conflict of interest on the part of the personal representative, is voidable by any person interested in the estate. [8] 18-A M.R.S. § 3-713 (2005).