The person designated to be the executor of your loved one’s estate is a person he or she trusted to handle his or her final affairs. Unfortunately, not all executors are fit to fulfill their roles. Those who find themselves at odds with their loved one’s executor may be able to do something about it during the estate administration process. It may require court intervention to resolve, but legal counsel who understands Oregon probate law can assist with that.
Executors have a lot on their plate. An individual in this position is charged with locating estate planning documents, opening a probate case, paying taxes and debts, and divvying assets according to the decedent’s wishes — among other things. All of this can take time. Unfortunately, some executors may make mistakes along the way, which can cost beneficiaries dearly in the long run.
Executors also have a lot of power when it comes to the handling of an estate. Some people may use their position as executor for their own personal gain. Stealing from an estate is an example of this. Mismanaging assets and withholding inheritance from beneficiaries, among other things, would also be considered a breach of fiduciary duty.
If you believe that the executor of your loved one’s estate is abusing his or her power, or you worry that he or she is making mistakes that will harm the estate and its beneficiaries, staying silent is the worst thing you can do. It is better to speak up and resolve your concerns than possibly allow mismanagement of the estate to occur. An experienced estate administration and litigation attorney based in Oregon may be able to assist you in settling the matter or taking the issue to court. To learn more about how legal counsel can be of assistance to you when dealing with executor problems, please take a moment and visit our firm’s website.