Legal Question in Wills and Trusts in Florida
If someone is appointed the executor of a will without bond; is there someone overseeing to make sure he pays out to the beneficiaries as is stated in the will; or can he just run off with all the money?
Asked on 9/24/19, 11:29 pm
2 Answers from Attorneys
Barry Stein
De Cardenas, Freixas, Stein & Zachary
The funds are under court supervision. They should be deposited in a restricted depository which requires court approval to remove. There are no executors in Florida, only personal representatives.
Answered on 9/25/19, 12:13 am
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
The funds should be in a separate account, but if the PR is dishonest, he could steal the money. That would, of course, ne a crime.
Answered on 9/26/19, 8:19 am
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