The executor of a decedent’s estate in New York has been surcharged $630,000, plus 6% interest, for selling the decedent’s residence for only about half of its fair market value, depriving four Lutheran charities and Adelphi University of the value in their remainder interest. Richard A. Mahler, Jr., was executor of the estate of Margaret Van Cortlandt Billmyer, who died in 2009. On the estimate of preliminary value filed April 15, 2009, he estimated the value of her Brooklyn brownstone at $1.5 million. In January, 2011, he entered into an agreement to sell the property to “an acquaintance” for $670,000. The purchaser assigned the contract to a limited liability company, which bought the...