Q: Can you inflate the value of an estate
Do you have to have a basis for valuation?
Executrix is the daughter of the decedent, however they have been estranged for years. She is claiming an 800,000.00 estate. How can she claim a number out of thin air? The real story is her husband attorney changed the Will to the benefit of the daughter/executrix without the consent of decedent, due to the distance, the real estate now listed to be given was sold, they didn't know and still made changes to her Will. .She had Parkinson's and her sister took care of her for years. The executrix daughter and attorney son in law are now attacking the sister that took care her. They had no clue as to the condition of the estate much less the decedent. They just wanted her money. The sister's medical POA prevented them from declaring her incompetent. They have tried for years to take her money and leave her with nothing and in a nursing home.
On Application to Probate Claimed 800,000.00 have now filed 0.00 Inventory
A: It isn't illegal to be wrong about the value of assets. Amended inventories and accountings are filed when necessary. Beneficiaries can file complaints with the court and object to valuations recited in an inventory or accounting. I need more context to understand why or how the personal representative arrived at the inflated value. I would also consider the source of your lower valuation before complaining to the court. Regardless, you should consult an attorney.
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