Mississippi  |  Wills and Trusts

Legal Question

Asked on: 10/02/08, 12:46 pm

Lazy executrix

My Grandfather passed away 5 years ago. One of his 4 children is executor. The estate includes a house, cash, and stocks. In the past 5 years, the stock has greatly decreased in value, as has the house, which is falling apart (the son is paying the property taxes). Is the executrix responsible to the other heirs (the 2 other sisters & a brother) to make up the loss in value of the assets due to her lack of action to distribute the estate's assets?

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