What kind of trouble could I be in if I spent life insurance money that was payable to the estate of my late father?
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What kind of trouble could I be in if I spent life insurance money that was payable to the estate of my late father?
Asked on October 20, 2014 under Estate Planning, Kentucky
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
I think that you have an idea already that it was not the best idea. What you have done is known as dissipating estate assets. Are you the fiduciary - executor - of the estate? Then you have breached your fiduciary duty as well and you need to speak with an attorney as so as you can.
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