Anonymous wrote:

Anonymous wrote:He died in early May 2024. I’ve been asking for information since June.

Give them a break!!! They are probably still dealing with paying bills and closing accounts!!

Having been an executor of an estate with real Estate, investments and cash I told all beneficiaries- don’t ask me anything for 6 months, I will try to get info asap, but I’m not committing to anything before 6 months. I needed all bills to roll in, figure out what I was dealing with and start to net stuff out.

Op - you try stepping into someone else’s financial life. It’s not that easy.

Its not that hard. I've done it. You do need to wait 6 months but you do a group spreadsheet with all the financials - money available, debt, projected debt/payments. Why the secrecy?

My sister did that and refuses to share information. All I got was part of the IRA willed to me. I gave up. It sucks as there is zero accountability via the courts. I don't think there was a lot of money but it was th eprincipal. We don't talk now. I'm sure she kept some of it.

Mom died in April of 2024.

It was a lot of work the first 2 months to close accounts. We are still trying to close one visa account.

Have the two houses been cleared out and sold yet?

This has been a lot work. I would not press your sister until 9 months out.

Anonymous wrote:He died in early May 2024. I’ve been asking for information since June.

Give them a break!!! They are probably still dealing with paying bills and closing accounts!!

Having been an executor of an estate with real Estate, investments and cash I told all beneficiaries- don’t ask me anything for 6 months, I will try to get info asap, but I’m not committing to anything before 6 months. I needed all bills to roll in, figure out what I was dealing with and start to net stuff out.

Op - you try stepping into someone else’s financial life. It’s not that easy.

Lol OP. A family member passed away in November 2019, and we are still waiting on the estate's final payout from the amount withheld for taxes.

Anonymous wrote:

Anonymous wrote:OP here. I don’t think she’s trustworthy. As soon as she took over my dad’s finances she paid herself $10k that she said she was “owed.” And she has been paying herself $3k a month since then for I don’t know what.

If she’s working 30 hours a week on this that’s $25/hour. Executors can get paid by law. Is there any reason your dad didn’t name you?

Well, if OP doesn't have transparency how does she know this?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I don’t think she’s trustworthy. As soon as she took over my dad’s finances she paid herself $10k that she said she was “owed.” And she has been paying herself $3k a month since then for I don’t know what.

If she’s working 30 hours a week on this that’s $25/hour. Executors can get paid by law. Is there any reason your dad didn’t name you?

There is zero chance the sister is “working 30 hours per week” on an estate that encompasses just two homes and simple cash (per OP)

Don’t be stupid

Also, it is not a financially smart move to take payment from the estate for executor duties because that money would be liable for federal taxes as ordinary income. Better to split the estate equally with the other beneficiaries because amounts received as bequests are not taxable income for federal purposes. With a relatively smaller estate, I’d rather keep more of the funds in the family if possible.

People should discuss tax implications with their own CPA so they don’t accidentally do something that could end up costing more in taxes.

Anonymous wrote:

Anonymous wrote:OP here. I don’t think she’s trustworthy. As soon as she took over my dad’s finances she paid herself $10k that she said she was “owed.” And she has been paying herself $3k a month since then for I don’t know what.

If she’s working 30 hours a week on this that’s $25/hour. Executors can get paid by law. Is there any reason your dad didn’t name you?

There is zero chance the sister is “working 30 hours per week” on an estate that encompasses just two homes and simple cash (per OP)

Don’t be stupid

Anonymous wrote:OP here. I don’t think she’s trustworthy. As soon as she took over my dad’s finances she paid herself $10k that she said she was “owed.” And she has been paying herself $3k a month since then for I don’t know what.

If she’s working 30 hours a week on this that’s $25/hour. Executors can get paid by law. Is there any reason your dad didn’t name you?

^^ I hope she DOES

Anonymous wrote:Jaysus. Thank your lucky stars you're not in charge of this. If I were your sister I would charge the estate for my time if you were being such a pain.

She can legally do this, and I hope she dies since OP is just clucking rather than lifting a finger. Maybe she’d tell you what’s going on if you bothered to help with something. Honestly my siblings are like this. No help at all with parents.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, executor is my sister.

You’re going to sic a lawyer on your sister? YATA.

Don't do this. My sister did this to me. She spent a lot of money on her attorney and I spent the estate's money on an attorney and accountant in response. Wasted money as I had every intention of doing the right thing. She complicated every action. I never thought she would do this and it was an awful experience. I would give it 6-9 months before getting a lawyer.

If your sister felt the need to get a lawyer involved, there had to be a lot going on that you are not mentioning here. “Intentions” are not actions. Were you following the process correctly and in a timely manner? Had more than a year gone by since your parent had passed away? Were you completely open and transparent with your sister about everything that was going on with the estate? If you can’t answer “yes” to these questions, your sister most likely had good reason to get help from a lawyer.

Unfortunately, not every executor has good intentions; some see the job as a chance to enrich themselves. OP is right to be suspicious of an executor who refuses to answer questions. Being an executor is a legal responsibility that people shouldn’t accept if they can’t follow all the rules.

OP here. I don’t think she’s trustworthy. As soon as she took over my dad’s finances she paid herself $10k that she said she was “owed.” And she has been paying herself $3k a month since then for I don’t know what.

Anonymous wrote:

Anonymous wrote:Yes, executor is my sister.

You’re going to sic a lawyer on your sister? YATA.

Don't do this. My sister did this to me. She spent a lot of money on her attorney and I spent the estate's money on an attorney and accountant in response. Wasted money as I had every intention of doing the right thing. She complicated every action. I never thought she would do this and it was an awful experience. I would give it 6-9 months before getting a lawyer.

Anonymous wrote:That’s not very long. You’re being really impatient. It’s a lot of work to clean out a house, value everything, sell, etc. I’d be surprised if it’s resolved in a year.

You should thank them for taking on an awful task.

You will get it when you get it.