tractormiallis
Member
This is a trust question.. I had a relative who told me he named me in his trust as one of a few beneficiaries. He was a single man, so he named his close relatives. Anyhow, he passed 12 years ago, and had named an executor unrelated. The executor, quickly after death sold his farm equipment at auction, and leased the land out. After that, nothing was ever heard from the executor for dispersing of $$. I knew my uncle well, and trusted him, and knew his worth, so I know there was $$ to disperse. In the last few months, I noticed by looking online that my uncles land was sold well below it's value, which really angers me.
So, I am thinking the executor is not doing things correctly, as the land and investment assets should have been taken care of more quickly. Is there recourse I can take against the person? It seems this is not in the best interest of beneficiaries to sell land cheaply. I just want my inheritance from my uncle and the trust closed properly. Thoughts?
So, I am thinking the executor is not doing things correctly, as the land and investment assets should have been taken care of more quickly. Is there recourse I can take against the person? It seems this is not in the best interest of beneficiaries to sell land cheaply. I just want my inheritance from my uncle and the trust closed properly. Thoughts?