After a loved one passes away, family members may still have responsibilities to that individual’s estate. Some of those duties may be related to ensuring that the deceased’s estate is being handled in the proper manner. If individuals suspect that the executor of an estate is not fulfilling his or her duties, legal action relating to the estate administration may be necessary.
Maryland residents may be interested in a similar situation taking place in another state. Reports indicated that the granddaughter of a deceased man was concerned that her uncle — and the executor of the estate — was misusing the estate. Apparently, the uncle had taken out a $300,000 loan from the deceased before his death, and after his father’s passing, the man reportedly wants to have the loan forgiven.
As a result of the situation, the granddaughter is concerned that there is a conflict of interest due to her uncle being both the executor and the borrower. Due to the concerns, the granddaughter may wish to petition the court in order to potentially have an independent executor appointed. This individual could help ensure that the estate is properly attended to and debts paid back as necessary.
If someone is attempting to take advantage of a loved one’s estate, other family members may wonder what they could do to handle the situation. Luckily, as this case shows, individuals may be able to take legal action in efforts to ensure that the estate administration is in order. Interested Maryland residents may wish to consult with experienced attorneys to potentially gain valuable assistance with their cases.
Source: marketwatch.com, “When the executor of a will has his hand in the cookie jar“, Quentin Fottrell, Oct. 11, 2016