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Probate still open - loss in stock market

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sashamalone

Guest
Illinois

My mother died without a will in February of this year. Approximately 600,000 of her estate was in the stock market - there were no beneficiaries and Illinois law states that 1/2 goes to my father and 1/2 goes to her children.

My father is the administrator of her estate - my 1/2 sisters (from my mother's 1st marriage) have been making his life hell. The petioned the court to have his administration supervised - and have generally been huge pains in the rear.

My father left all the monies as they were, but of course, stocks have taken a tumble and instead of 600K, there's around 400K left. He's very worried that after all is said and done that my 1/2 sisters are going to sue him for not cashing out the stock right when she died - seeing as how over 200K in value has been lost.

There is also a family farm (200+ acres) that he inherited that will need to be sold and the profit divided - so the stocks aren't the only thing of value.

Can my evil sisters sue my dad? And is there a chance they would win?
 
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Flowerpatch

Guest
I really don't have any advise for you but,
I truly feel for what is happening to your Family.

My sister has been awful, and come to find out she
isn't even my Father's Daughter.

I just wanted to let you know you are not alone.
 

Dandy Don

Senior Member
He is worrying about nothing--even if they did sue, the suit would be unsuccessful--your father is not liable for any downturns in the stock market.
 

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