What are the consequences if the executor of a will does not follow the instructions in that will?

If an executor doesn't follow the instructions in a will, the consequences can be dire. The primary duty of the executor is to carry out the wishes of the testator, which usually means distributing assets according to the will. If an individual or institution is named in a will as the executor and does not fulfill their duties as directed by the will, they may be held personally accountable for any losses suffered.

If an executor fails to execute his obligations, he could be sued by beneficiaries in order to recover losses they suffer due to his negligence. For example, if he sells off the property before distributing it as instructed and then uses the proceeds for himself instead of fulfilling his responsibilities, he could be liable for any financial loss incurred by that action. If he fails to pay taxes on behalf of assets left to beneficiaries, they could lose those assets due to tax liens against them.

best will and trust lawyers near me

If an executor takes assets upon death without paying debts yet owes money from a loan taken out from a bank or other financial institution, creditors can pursue legal action against him for unpaid debts and force him to sell off property or liquidate assets in order to pay them back. He may also face criminal charges for theft if he's been accused of taking assets that were not his own.

Make sure your legal rights are protected. Call this law firm for a free consultation.

Parklin Law LLC

5772 West 8030 South, Unit N206

West Jordan, UT 84081

(801) 618-0699

https://parklinlaw.com/what-exactly-does-an-executor-of-a-will-do/

https://posts.gle/UxAZ4j 


Location: Salt Lake City, UT, USA

Popular posts from this blog

What will I lose if I file for bankruptcy?

Image
This depends on several things. First, what state do you live in - the state exemptions will allow you to keep certain property. Each state’s laws are different. Second, the chapter of bankruptcy that you file. Typically, in chapter 13, you keep most (if not all of your property) because it is more of a reorganization than it is a liquidation. If you are filing a chapter 7 bankruptcy, you should really speak with a lawyer because you can lose things if you don’t do the paperwork right. Just because the law allows you to keep something under an exemption law, if you don’t put the law in your paperwork, you don’t get it. You might think that the only thing you lose when you file for bankruptcy is a bunch of money (and some of your things, if you can't keep them after the bankruptcy). But what you lose is really a lot more than that. It's very important to think about what you'll be giving up before choosing whether or not to hire a bankruptcy attorney in your area. If ...
Read more

Why should I have to pay my wife alimony when she is able to work?

Image
Alimony is a payment that one spouse will make to the other after they separate or divorce. You are not required to pay alimony if you don't want to, and if you're the one who asks for alimony, you'll have a hard time getting it. But if your spouse is able to earn money, and you aren't, you could be forced to pay the alimony.   My wife and I have been married for the past 7 years. We have 3 kids. In any other case, she would be entitled to 60% of the marital assets.   However, she is a stay-at-home mother who does not work. I am employed full-time as a manager at a local bank.   I do not make enough money to support our family on my own, so I want her to contribute as well. She is against this idea, and I don't understand why.   Is there anything that can be done?   When you get married, you make a commitment to support each other. You mutually agree on your goals and economic situation, then build a life together and solidify that agreement by creating a legal ...
Read more

How do you change the executor of a will?

Image
Changing the executor of a will is an important decision that requires the specific attention of an estate planning attorney. If you're looking to change your will and add a new executor, you should consult with an attorney for help. The first step is to decide who you want to appoint as your new executor. Your choice must be reviewed by your attorney to ensure that person is legally able to fulfill the duties of the position , including knowing what documents are needed from them and how they need to be filed. The next step is telling your current executor. This person can be informed in person, over the phone, or via a letter that includes their current contact information so they can get in touch with the proper offices if anything needs updating. You'll also need to update any health care proxies or powers of attorney. Your next step after this is to call your estate planning attorney. Parklin Law LLC 5772 West 8030 South, Unit N206 West Jordan, UT 84081 (801) 61...
Read more