My husband was named as the executor of my father's estate after he died two years ago. the last of the money was released to family members yesterday and the checking account will be closed on Monday. my question is since his name was on the checking account and signed off on the sale of all of his property, no real estate, just cars, truck, boat, business etc. Do we even need to mention this to the trustee. I forgot to mention it to my lawyer. Has anyone run in to this issue or is it a non-issue?
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It is an issue to be mentioned to your lawyer, especially if money was inherited. -
I am assuming since it was your hubby's father that passed away that your hubby is also a beneficiary of the estate along with being the Executor. Pick up your phone today and advise your attorney immediately._________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
"A credit card is a snake in your pocket"Comment
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It was his father in law, the OP's father, according to the post.Comment
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It doesn't matter; it still needs to be reported to the attorney.Originally posted by dingdong View Post_________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
"A credit card is a snake in your pocket"Comment
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I will let my attorney know. He owned two large whale watching boats but they were both financed to the max, cars weren't worth much, gave one to my brother another to a cousin for $500 bucks. No home, etc... Each of the beneficiaries recieved $143 each as the total pay out. I was just worried that as executor my husband's name would be on his account and the titles of the boats and cars would have my hubby's signature on them.Comment
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