Montana High Court Affirms Order Reopening Estate Over Share Purchase Agreement

(November 22, 2023, 1:06 PM EST) -- HELENA, Mont. — The Montana Supreme Court on Nov. 21 affirmed a lower court order granting an estate representative’s motion to reopen an estate, finding that because the representative “reasonably” determined that a stock pledge agreement (SPA) between the decedent and his grandson had no value when the estate was closed, her later discovery that the SPA had value constitutes a “subsequently discovered” asset pursuant to Montana law, permitting the reopening....