Some examples for when the estate’s beneficiaries, may sue the estate’s Executors:
– Executors fail to properly secure and insure the assets of the estate, and it suffers a loss as a result.
– Executors diminish the estate through imprudent investments or inadequate record keeping.
– Executors fail to pay taxes on the estate, in which case Executors may be personally liable for interest and penalties.
– Executors sell an asset of the estate without authority to do so.
– Executors delay settlement of the estate unnecessarily or are tardy in executing important transactions.
– Executors engage in actions that constitute a conflict of interest.
– Executors improperly delegate decisions to others who have no legal authority over the estate.
– Executors approve a coexecutor’s or coadministrator’s breach of duty.
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Last Updated: September 23, 2016 by Marco Balletta
Some examples for when the estate’s beneficiaries, may sue the estate’s Executors:
Some examples for when the estate’s beneficiaries, may sue the estate’s Executors:
– Executors fail to properly secure and insure the assets of the estate, and it suffers a loss as a result.
– Executors diminish the estate through imprudent investments or inadequate record keeping.
– Executors fail to pay taxes on the estate, in which case Executors may be personally liable for interest and penalties.
– Executors sell an asset of the estate without authority to do so.
– Executors delay settlement of the estate unnecessarily or are tardy in executing important transactions.
– Executors engage in actions that constitute a conflict of interest.
– Executors improperly delegate decisions to others who have no legal authority over the estate.
– Executors approve a coexecutor’s or coadministrator’s breach of duty.
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