Legal Question in Wills and Trusts in United States Virgin Islands
question about an estate
Hello, About 6 years ago my uncle passed away and left my 3 brothers, a charity, and myself a large sum of money each. 6 years later, we received the money(which was all in the stock market/mutual funds)and it was considerbly less than it was 6 years ago. My father, the executor, said shortly after his death, the market dropped and we lost a considerable amount of money each. He has since then been hoping that we could build some of that money back which is why we are just receiving the check after 6 years. When he gave us the check, he also asked us to sign a receipt and have it notarized stating we do not hold him or the law firm liable for anything and that we believe the estate was handled fairly. It also states that I ahve received 1/4 share of 80% of the estate. The other 20% went to the charity. Why would it not read 1/5 share since it was to be divided equally? Does this mean the charity got a different amount? I have asked my father these questions and he said we have to trust that he, as the executor, made sure this was done right. Do you think it is wise that I sign not knowing for sure what has been going on for the past 6 years or should I ask for some documentation as to what has been happening with the money?
1 Answer from Attorneys
Re: question about an estate
You are entitled to an accounting of everything that came into the hands of the executor or should have come into his hands.
That's the law.
The difficult issue is whether you want to force your father to prepare the accountin. That, my friend, is your decision. Maybe a lawyer's guidance would be helpful.
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