If you have been named as an estate’s beneficiary, you may have an assortment of questions related to wills. At Joseph A. Ledwidge, our law firm knows that it can be difficult for beneficiaries to have a firm grasp of their rights, especially for those who are not very familiar with the relevant laws related to an estate. Unfortunately, in Jamaica, and in other New York cities, executors do not always act in good faith. As a result, beneficiaries should keep an eye out for any red flags that an executor is not remaining honest with regard to his or her fiduciary duties.
There are many ways that executors violate their fiduciary duties, some of which can be difficult to spot. On the one hand, it can be easy to tell if an executor fails to appear in court or has not paid the estate’s bills in a long time. However, it can be more difficult to pinpoint other problems, such as an executor making things unnecessarily complicated or retaining assets from the estate which were supposed to be distributed among beneficiaries.
Furthermore, if you are the executor of an estate, it is crucial to act faithfully and fulfill all of your duties. If beneficiaries suspect that you are not handling your responsibilities appropriately, you may find yourself involved in a dispute that is mentally and financially taxing.
On our page which is centered on will contests, you can review more topics related to the responsibilities of executors and disagreements involving a will.