is my inheritance being held up due to incompetence?
April 5, 2011 9:50 PM Subscribe
My dad passed away 18 months ago, and the executor's lawyer informs me they're still awaiting a foreign beneficiary's obtaining their tax id in order for final distribution of his estate to be made. Is this a reasonable delay? details inside.
posted by cps to law & government (12 answers total) 1 user marked this as a favorite
My father had several pieces of real estate, all of which were liqudated for estate distribution purposes - two in FL, his final state of residence, and one in NYC - a co-op that didn't sell until last Nov. When I asked the executor for an update a month ago his lawyer emailed me that "we are almost
> completed and we are waiting for one more foreign beneficiary to secure their
> tax number from the IRS so that the final tax returns can be completed.
> Once we have the last tax number we will be able to initiate the closing out of
> the Estate and the distribution of all assets to the beneficiaries. ." Am I insane or shouldn't it have been his goal from the start to ensure the beneficiaries had those numbers, i.e. haven't they had eighteen months to do this?
The reason I ask is that I suspect this lawyer was selected by the executor for personal reasons and may not be as knowledgeable as initially outlined. My personal concern - besides needing the money - is I do NOT want to miss out on what I believe will be an AAPL explosion following WWDC - and so the bonus question is, do I have a case for lack of due diligence / mismanagement should I be able to document a missed opportunity to make e.g. 100k in three months.