When individuals are named as executors of estates, they have numerous responsibilities to which they must attend. However, there may be instances in which family members suspect that the executor of an estate may not be operating under the purest intentions. In such cases, concerned individuals may wish to consult with probate and estate administration attorneys.
Texas residents may be interested in a family facing such a predicament in another state. Reports indicated that after his father’s death, a son was named as executor and given half of the estate, and two grandchildren were each given a fourth of the estate. However, one of the grandchildren expressed concerns that the executor was attempting to cheat the estate by trying to have a loan forgiven that he took out from his father.
In cases where individuals are concerned with the actions of the executor, individuals may wish to take legal action. Petitioning the probate court to have a third-party executor named could allow the family to ensure that the estate is being handled without a conflict of interest. Additionally, the new executor could work to make sure that loans taken against the estate are repaid as required.
Honoring the last wishes of a loved one may seem like an action to carry out without question, but when an individual attempts to take advantage of an estate, other family members may wish to take action. Information on how to petition a probate court and other steps that may assist in ensuring that an executor acts in the proper manner may help interested Texas residents. Additionally, estate and probate administration attorneys may be able to provide specific knowledge for particular cases.
Source: marketwatch.com, “When the executor of a will has his hand in the cookie jar“, Quentin Fottrell, Oct. 11, 2016