Legal Question in Wills and Trusts in California

Statute of Limitations - claims based on fraud

My father's probate (he had a living Trust) was closed over 3 years ago. A shareholder of a company he was an officer of has recently sued the estate, including me and my sisters as heirs) for money he invested in the company, which went bankrupt after my father died. The investor is alleging securities fraud. Is the estate, or any of its beneficiaries, potentially liable in this case? I'm aware of the one-year statute for filing claims of debt from an estate, however, is there a different statute that applies to allegations of fraud?


Asked on 5/02/05, 4:15 pm

1 Answer from Attorneys
Donald Field Donald L. Field, Jr., Attorney at Law

Re: Statute of Limitations - claims based on fraud

this question should be directed at a securities law attorney to determine whether or not the usual 1-year rule will apply in your facts or not.

Read more
Answered on 5/04/05, 2:24 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in California