Littleton, CO asked in Probate for Illinois

Q: Do I have the right to receive stock my mother had as stock and not cash?

My mother owned four stocks when she passed into the Light. I just found out that my sister who is the executor of the estate cashed three of the stocks into the estate and the fourth one transferred the shares to each of us ten children. My issue is I told her in an email and verbally I wanted all my shares in stock regardless of the amount. She decided approximately 25 shares a piece was not worth the effort. I also have requested to see all the bank statements and financials since mother passed. As of to date this request has not been honored. The house was sold lower than the market price in my opinion and yet to see a breakdown of the sale. Also, the estate lawyer sent all the sibling a waiver form which I refused to sign. I am not sure what good that did in any of my rights?

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1 Lawyer Answer
Ray Choudhry
Ray Choudhry
Answered
  • Probate Lawyer
  • Moline, IL
  • Licensed in Illinois

A: This estate is in probate.

It is either supervised or independent administration.

With independent administration she can do lots of things without reporting to the court.

Also, if there is a will, she has to do what the will says.

You need to contact the court and get copies of all the filings so you can see what is being done.

She has to do an inventory and accounting.

You have a right to question it by filing an objection and having a court hearing on it.

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