What is the name of your state (only U.S. law)? OH
I live in NY but my aunt passed away in June in Ohio. She owned a home and some stocks and IRA's. She died before her will was signed so her estate is in probate. I have met with a lawyer from the firm who was preparing her will. This lawyer is now the estate administrator, appointed mid-July. The estate, when closed, is to be divided between my brother and I. She had no other family.
I have just found out that he has not sold her stocks. He has not given me any accounting of her assets. Alot of money that her financial advisor told me existed (40k) is now gone. Her estate is worth only about 13K.
Does an administrator have to cash in the stocks in order to liquidate funds to cover costs of the estate? I mean, if he had cashed them in when he took control of her bank accounts, they would have totaled about 45k, todfay they are worth maybe 7k. And when I asked him about specifics, he skirts the questions. Do I have to worry about the ethics of this lawyer? I live out of state and have already taken 2 trips to Ohio to assist him in preparing the house for sale. I can't just stop by his office and bug him.
thank you for any help!
I live in NY but my aunt passed away in June in Ohio. She owned a home and some stocks and IRA's. She died before her will was signed so her estate is in probate. I have met with a lawyer from the firm who was preparing her will. This lawyer is now the estate administrator, appointed mid-July. The estate, when closed, is to be divided between my brother and I. She had no other family.
I have just found out that he has not sold her stocks. He has not given me any accounting of her assets. Alot of money that her financial advisor told me existed (40k) is now gone. Her estate is worth only about 13K.
Does an administrator have to cash in the stocks in order to liquidate funds to cover costs of the estate? I mean, if he had cashed them in when he took control of her bank accounts, they would have totaled about 45k, todfay they are worth maybe 7k. And when I asked him about specifics, he skirts the questions. Do I have to worry about the ethics of this lawyer? I live out of state and have already taken 2 trips to Ohio to assist him in preparing the house for sale. I can't just stop by his office and bug him.
thank you for any help!