If you are the administrator or executor of an estate, you may have all sorts of responsibilities, challenges and concerns, such as ensuring that assets are correctly distributed to beneficiaries. However, if you are facing accusations related to breach of your fiduciary duties, you could find yourself in court and may face harsh consequences. At Joseph A. Ledwidge, P.C., we know firsthand how troubling these allegations can be for executors in Jamaica, and other parts of New York.
If beneficiaries are blaming you for neglecting to abide by your responsibilities, it is essential for you to be prepared. For example, you should be able to provide records of all of the estate’s items that you were obligated to manage. Unfortunately, navigating the legal system when it comes to estate matters can be complicated and the repercussions can turn your life upside down. Because of the serious and stressful nature of these disputes, it is wise to do whatever you can to make sure that beneficiaries do not accuse you of this offense. Regrettably, you may find yourself facing these allegations even if you have done nothing wrong. After all, emotions often run high when it comes to estate issues.
Although you may be unsure of how to move forward, taking a close look at the details of your circumstances and comprehensively preparing for court is paramount. If you head over to our page on the obligations of executors and fiduciaries, you can review additional information concerning breach of fiduciary duty accusations.