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Reply to "Any estate executor nightmares? Hoping to not feel so alone."
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[quote=Anonymous]So sorry. What a mess. Hopefully there are enough assets left to cover your $40k and legal fees, but it’s very possible that it’s all been spent. Some states require the executor to post a bond, so you might look into that. I’m not defending your SIL at all, because she clearly had people ready and willing to help, but handling a messy estate can be very complex and time-consuming and I could see how someone could get themselves in over their heads pretty quickly, especially if they’re disorganized and/or less than scrupulously honest. If the money is there, the temptation is just too great for some people. It’s amazing what people can justify to themselves. I’m a lawyer and I have been executor of three different estates, and it’s always a learning process. I was the executor of one estate where the deceased’s paperwork was quite disorganized, and getting it resolved was almost a full time job for 18 months. I personally loaned the estate tens of thousands to pay expenses and keep the bills paid, but I wasn’t concerned because I was the only heir. At the time, I wondered how many people who don’t have any legal expertise or extra $$ can actually handle these things properly. [/quote]
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