As you know theft is a crime. You should first call the attorney who is handling the estate. The theft should be reported to the probate court. Carefully and clearly state what you believe to be the executors misbehavior and ask the judge to remove her and appoint a new executor. The executor's bond should cover any loss to the estate caused by the executor.
They can certainly try to do so. They are also required to provide a full accounting of the estate and what happened to everything. You may wish to retain your own attorney to protect your rights.
What if? You should have reported the situation to the court that made the appointment immediately and provided the court with evidence to back up your claim.
What if? You should have reported the situation to the court that made the appointment immediately and provided the court with evidence to back up your claim.
What if? You should have reported the situation to the court that made the appointment immediately and provided the court with evidence to back up your claim.
What if? You should have reported the situation to the court that made the appointment immediately and provided the court with evidence to back up your claim.
No. An executor has no power to change the provisions in the will. Any such action by an executor should be reported to the court that appointed the executor.
Power of attorney has been taking money from account.Can I ask for bank statements for past years?
The executor can decline payment. This is often done by a family member serving as executor.
If they are stealing from the estate, they are breaching their fiduciary duties and that is a crime. They could be arrested.
What if? You should have reported the situation to the court that made the appointment immediately and provided the court with evidence to back up your claim.
Fees received by an executor are not classified as inheritance and therefore are not subject to an inheritance tax, but they are classified as income, and are subject to income tax.
There is a distinction between money the executor receives as compensation for administering the estate and money the executor receives as an inheritance. The fees are taxable income, the inheritance is not.
That is the job of the executor. To distribute the estate and liquidate the assets.
The executor can use the money for the benefit of the estate, not for their personal use. They are entitled to payment for their services.
Yes. You can sue as long as you have a valid complaint against the executor.
An heir may decline to accept an inheritance. The executor then has to distribute the assets per the will.
A lien can be placed on an inheritance for child support arrears. If the custodial parent knows of your pending inheritance a claim can be filed in the estate and the executor must pay it out of your inheritance.
Essentially, the only way to find out about an inheritance is when notification is made. If you believe that you may have an inheritance coming, it is best to contact the executor of the decedent's estate.
You need to talk with the executor of the estate. The probate court should be able to assist you in locating who has been appointed as executor.
The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.The executor cannot "renounce or disclaim" the inheritance of any beneficiary. That can only be done voluntarily by the person who decides to disclaim their own inheritance and there are certain forms that must be used, signed and filed with the estate.
Yes, the executor must file taxes. That is one of their responsibilities to the estate.
Yes, the executor can also be a beneficiary of the Will. Also, in most jurisdictions the executor can be paid from the estate for their services up to a certain amount that is generally set forth in the probate laws.