W
waitnomore
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What is the name of your state?What is the name of your state? GA
I live in NH and my stepfather passed away May 2003 (last year) he lived in GA. The WILL went through probate in April 2004 naming executors, etc. There is an attorney in GA taking care of the Trust and Will. My step-dad left my sister and I gifts from his will. We are not part and/or named in the trust. One of the gifts is an investment account. Shortly after my step-dads death (May 2003) one of the executors (which is the survivor beneficiary of this investment account) started to withdraw funds from the account we were gifted to pay expenses for the trust (real estate taxes, etc. on rental property which is part of the trust). Learning of this news, I contacted my step-dads estate attorney and he contacted the executor stating they must put the money spent back into the account up to the value on the day my step-dad passed away. Since this is an investment account and assuming it is earning value are we entitled to any interest earned since my stepfathers death? And does this executor have the right to withdraw monies from this account without prior knowledge and/or consent of my sister and I? As well, do we have a legal right to get statements on the accounts gifted to us? If so, does anyone know the legal process for obtaining these? Also does the executor managing this account gifted to us have the right to close this account without our consent? Can someone legally close an account that has been willed to someone else? Unfortunately, this apparently has been done. FYI, I have contacted all the executors (4) of this estate requesting statements and balances, etc on the accounts that have been gifted to us since the time of my stepfather’s death and no one is responding with this information. Any advice you can give would be greatly appreciated! Thanks in advance.
I live in NH and my stepfather passed away May 2003 (last year) he lived in GA. The WILL went through probate in April 2004 naming executors, etc. There is an attorney in GA taking care of the Trust and Will. My step-dad left my sister and I gifts from his will. We are not part and/or named in the trust. One of the gifts is an investment account. Shortly after my step-dads death (May 2003) one of the executors (which is the survivor beneficiary of this investment account) started to withdraw funds from the account we were gifted to pay expenses for the trust (real estate taxes, etc. on rental property which is part of the trust). Learning of this news, I contacted my step-dads estate attorney and he contacted the executor stating they must put the money spent back into the account up to the value on the day my step-dad passed away. Since this is an investment account and assuming it is earning value are we entitled to any interest earned since my stepfathers death? And does this executor have the right to withdraw monies from this account without prior knowledge and/or consent of my sister and I? As well, do we have a legal right to get statements on the accounts gifted to us? If so, does anyone know the legal process for obtaining these? Also does the executor managing this account gifted to us have the right to close this account without our consent? Can someone legally close an account that has been willed to someone else? Unfortunately, this apparently has been done. FYI, I have contacted all the executors (4) of this estate requesting statements and balances, etc on the accounts that have been gifted to us since the time of my stepfather’s death and no one is responding with this information. Any advice you can give would be greatly appreciated! Thanks in advance.