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Reply to "dad wants me to sign estate paperwork without seeing financials"
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[quote=Anonymous][quote=Anonymous]My father, a high-powered attorney, is the executor of his mother's estate. He spent decades protecting her fortune, including from multi-million dollar loans to his own siblings, and is understandably going to be relieved to have this whole mess behind him. He told me two days ago that I am a beneficiary of a family trust. He has drawn up paperwork to remove my uncle as co-executor (one of the siblings who took large loans). He wants me to sign these papers ASAP. However, they very clearly state that I have been given access to the financial information about how money has been spent to-date and been able to review them carefully. This is just false. I have spent years rebuilding a relationship with him after he objected to the man I married (he has come around and now loves him), in addition to issues relating to the way he prioritizes time with his second family. Part of me just wants to sign to avoid the heartache of being accused of disloyalty for asking to see the financials. However, my sister, who he basically stopped parenting in middle school when he left my mom, feels strongly that we should ask to see the financials before signing. I do not anticipate that either of stands to inherit much, but then I have no information. I anticipate that he will view any questions I ask as "disloyalty" or "trouble making" and lash out at me. However, I also suspect that I could be legally liable for signing a false statement, if there is any financial malfeasance. [/quote] It doesn’t matter how the money has been “spent to date.” Once you’re the executor, you’re in charge and can see the financials then. Just sign the papers. [/quote]
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