This discussion will describe the most common situations that arise which necessitate the intervention of the Court and often times significant litigation involving the misbehavior of the Administrator, Executor, or Trustee.
It is not uncommon for a person who has been appointed as the Administrator/Executor/Executrix of an estate or as the Trustee of a Trust to want to take matters into their own hands and to engage in behavior that breaches the duties of their appointed position in order to benefit themselves and to the detriment of other parties involved. Particularly, the most common situation arises when the Administrator/Executor/Executrix or Trustee unilaterally takes or hides assets of the estate or the Trust in an attempt to keep those assets for themselves or to sell those asset and keep the proceeds for themselves. Obviously, this is of course a violation of Arkansas law but it is very common nonetheless.
Another situation that is common is when the Administrator/Executor/Executrix or Trustee attempts to hide, modify, or destroy the Will or Trust instrument in order to benefit themselves.
The third situation that is all too common is an Administrator/Executor/Executrix or Trustee that thinks that they can operate behind closed doors with no oversight and they refuse to provide certain information, documentation, inventory of assets, and accountings to the beneficiaries and other parties involved.
The fourth most common situation that requires Court intervention is the interpretation of certain provisions (or lack thereof) of a Trust.
If you have a situation where a family member or an Administrator/Executor/Executrix or Trustee is misappropriating assets to the detriment of other parties, is hiding or modifying estate instruments, or is refusing to provide certain information and documentation that certain beneficiaries or other parties are entitled to receive, then you absolutely need to engage an experienced estate litigation attorney.
Located in Batesville, Melbourne, and Heber Springs, Arkansas, and serving all of Arkansas, Reeves Law Firm stands ready to handle any civil, estate, family law, guardianship, personal injury, probate, or any other litigation matters that may arise.
Reeves Law Firm primarily serves Independence County (Batesville), Jackson County (Newport), Sharp County (Ash Flat, Highland, Cherokee Village), Lawrence County (Walnut Ridge), Cleburne County (Heber Springs, Greers Ferry, Fairfield Bay), Izard County (Melbourne), Stone County (Mountain View), White County (Searcy), and Baxter County (Mountain Home).
Give us a call in Batesville, Arkansas, at (870) 793-0021
Give us a call in Heber Springs, Arkansas, at (501) 302-8383
Give us a call in Melbourne, Arkansas, at (870) 291-9374
Lawyers in Arkansas – Expect the Best. Expect Results.