Legal Question in Wills and Trusts in Virginia
estate settlement
A relative was the executor of an estate for a family member who died over 9 years ago. There were bank accounts, stocks, a home that was sold, an estate sale, plus property in another state, and money coming into the estate monthly. There were 4 heirs. At least two have received money, at least one has not. It is unknown what the executor has rec'd or spent, and the property has not been sold. How much time does he have to settle the estate and what should be done next?
2 Answers from Attorneys
Re: estate settlement
The "executor" (called a representative in
Virginia) is obligated to file an inventory
with the Court of all property owned by the
decedent.
To fail to file this inventory is a crime and
the Commissioner of Accounts can punish the
executor with contempt of court for failing to
file this inventory.
You should be able to see this inventory in the
court's file.
Similarly, the executor must also file reports
showing where every dime went and where every
piece of property was distributed.
People do not understand that it is a CRIME of
STEALING to take property from a decedent's
estate without the authorization of the executor
according to the will. It is stealing no less
than knocking over a liquor store, and a person
can be arrested, convicted, and jailed for theft
for stealing from an estate.
First, go and check the court's file. Next,
talk to the Commissoner of Accounts about this
problem. If this does not help, then you should
file a lawsuit to enforce your rights.
Of course, you are assuming that if there were
four children that all of them are heirs. We
do not know that for sure.
Also, if the decedent's affairs were in a trust,
they might not be filed in the court's file. But
you would still have legal rights to enforce
the trust's terms.
Re: estate settlement
The time to probate an estate in Virginia is 14 months. You should go to the probate clerk's office and ask to see the case file.
There should be a final report in the file to the commissioner of accounts detailing the distribution of the estate assets. If there is not, you could then ask the commissioner of accounts to look into the matter and find out why
matters have not been finalized.
If that request produces no results, it's probably time for you to see a lawyer who is knowledgeable regarding the Virginia probate process. You may be faced with the prospect
of bringing a lawsuit against the executor and possibly others who may have some responsibility
for this situation.