How long after the death of a parent – can an estate be audited?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
How long after the death of a parent – can an estate be audited?
Our mother widow to 5 siblings passed away 20yrs. ago. At the time of her death, two siblings were named co-executors. One sibling erroneously removed themselves. Mothers will stated that any assests/revenues coming into the estate be divided x5. We believe the sibling/now sole executor did not honor this. We believe the sibling came into a large sum of money from our mothers farm estate or thru a large life insurance. Is it still possible to audit the estate? Who would pay for the audit? Thank you.
Asked on February 24, 2018 under Estate Planning, Minnesota
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
I am so sorry. What you are talking about is a breach of fiduciary duty and in the state of Minnesota that would be governed by a 6 year statute of limitations, meaning you have 6 years to sue the fiduciary for the breach. However, I would speak with an attorney on a consultation basis as to WHEn the 6 years starts to run and if there was any fraud on behalf of the fiduciary. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.