What is the name of your state (only U.S. law)? DC
So the estate is ready to be put to bed and a final distribution is ready for me to collect. Good, right?
Not so fast. The Executor wants me to sign a letter that says (abridged for time):
-I approve of all the actions of the executor, and accept the account I have been given as final.
-All accountings given to me have been amazing, and the executor (and all who worked with him) did exemplary work.
-I'm OK with what I've been (and will be) given.
-Any unknown claims made against the estate and/or personal representitive are now my problem.
My problems with signing this letter are many. Here are a few of my concerns:
-The executor has kept me in the dark about many details of the estate, even admitting in writing that he has been remiss in keeping me informed.
-As much as the numbers in the accountings may be correct, there are many more details to the estate that have not seemed to have been handled properly (the sale of a business was handled very poorly, and certain claims by a broker turned out to be patently false when investigated).
-The executor will not give me the distribution until I sign the letter, but at the same time has failed to give me a concrete reason why I have to sign it aside from "because I say so," and "if you want your money, you'll sign."
For me, this is more than throwing my heavy suspicions back at the executor. The real problem here is signing a document I KNOW is not true. I guess my real questions are:
-Do I legally have to sign a letter like this?
-If I do have to sign some sort of release for the executor, is their a way I can have some input?
-Can the executor deny me my inheritance if I refuse to sign.
Any help will be appreciated.What is the name of your state (only U.S. law)?
So the estate is ready to be put to bed and a final distribution is ready for me to collect. Good, right?
Not so fast. The Executor wants me to sign a letter that says (abridged for time):
-I approve of all the actions of the executor, and accept the account I have been given as final.
-All accountings given to me have been amazing, and the executor (and all who worked with him) did exemplary work.
-I'm OK with what I've been (and will be) given.
-Any unknown claims made against the estate and/or personal representitive are now my problem.
My problems with signing this letter are many. Here are a few of my concerns:
-The executor has kept me in the dark about many details of the estate, even admitting in writing that he has been remiss in keeping me informed.
-As much as the numbers in the accountings may be correct, there are many more details to the estate that have not seemed to have been handled properly (the sale of a business was handled very poorly, and certain claims by a broker turned out to be patently false when investigated).
-The executor will not give me the distribution until I sign the letter, but at the same time has failed to give me a concrete reason why I have to sign it aside from "because I say so," and "if you want your money, you'll sign."
For me, this is more than throwing my heavy suspicions back at the executor. The real problem here is signing a document I KNOW is not true. I guess my real questions are:
-Do I legally have to sign a letter like this?
-If I do have to sign some sort of release for the executor, is their a way I can have some input?
-Can the executor deny me my inheritance if I refuse to sign.
Any help will be appreciated.What is the name of your state (only U.S. law)?