This could happen to you!

My Brother – Is making me so angry: Help me

 

 

My father died five years ago.  He and my mother had a Revocable Family Trust.  Both I and my brother were named as successor Trustee after both mom and dad passed.

 

After my Father died mom entered an assisted living facility in Arizona.  Both my brother and I also had financial power of attorney.  Since my father had done quite well financially during his working years, and had planned well for retirement, I was not worried about finances. 

 

My brother lived in Arizona so he took care of the everyday finances for mom and I trusted him completely.  After all, we both loved mom and I knew he would take care of her, and I lived in New York.  I was unable to handle the everyday expenses.

 

Last month my mom passed away.  After all the emotional stress ended, I was informed by my brother that all of mom’s money had been spent on her care.

 

Of course I believed him, at first.  However, I started to calculate the amount of expenses it would take to go through the substantial amount of money I knew had been left by my father.

 

I asked for an accounting and my brother told me to go to he--, so I hired an attorney.

The attorney wrote a demand letter and he brought in only half the documents she asked for.  However, I did get full access to all the accounts.  I have found so many inconsistencies I don’t know what to do now.

 

There are a number of avenues you can take in this situation.  First, a second demand letter pointing out to the brother his duties as a fiduciary.  Also, that his lack of proper record-keeping could end in a legal action. 

 

If his brother does not respond properly then an attorney can take legal action.  Of course, these are family members so the best outcome will be a reconciliation where both parties come to an agreement and all is set straight.

Please reload

Featured Posts

Negotiation Is Not A Waste of Time

March 6, 2015

1/1
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Disclosure: The information on this website is for educational purposes only and is expressly not intended to be considered legal advice. Our free consultation is limited to understanding the nature of a potential client's issue, informing the potential client if the Milton Law Firm would consider representing the potential client in connection with the matter, and under what terms and conditions the Milton Law Firm would represent the potential client. Before the Milton Law Firm can provide legal advice to any person or entity, there must be a signed fee agreement setting forth the firm's scope of representation and the fees that will be charged.

 

Copyright The Milton Law Firm 2019. All Rights Reserved

FOLLOW US:

  • Facebook Clean Grey
  • Google+ Clean Grey
  • Blogger Clean Grey

© 2023 by BUSINESS WORLDWIDE SOLUTIONS. Proudly created with Wix.com