The family executor convinced our mother to take a reverse mortgage on her home, for the repairs and improvements of mom's small home. At the same time took remaining equity balance to use as a down payment for her own home purchased. Seven years later mom passes away, and sister's five siblings are sent a cashiers check for $500.00 after sister sells home for 314,000.00. Mom's Will says 1,000.00 to each grandchild (17) in total, and the rest to be divided between the 6 living children. Executor gave herself the deposit to buy her home. What do we do?
You'll have to have an attorney review the estate and any accounting. If this went through probate, then the court would have the paperwork. Contact an attorney for a full consultation.
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