Can my father take control of my grandmother's estate from the bank?

1 answer | Last updated: Sep 14, 2010
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Seth88 asked...
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Caring.com User - Steve Weisman
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Steve Weisman hosts the nationally syndicated radio show A Touch of Grey, heard on more than 50 stations, including WABC in New York City...
Steve Weisman said...

The key question here is what does the Will say in regard to the powers of the executor in regard to the management of the assets during the settlement of See also:
How do we preserve my deceased father's estate when my mother remarries?

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the estate. The bank may have a legal right or even a duty to act in a conservative manner. The language of the document certainly controls over what people's impression was of your grandmother's wishes.

The beneficiaries could also join together to request that the bank act in a different manner and provide them with a release of liability for dealing with the assets in a less conservative manner.

Finally, if all of the heirs agree, you could contact the bank and request it to resign as executor and replace the executor with someone with whom the heirs agree in regard to the management of the estate. Most banks will give in to this request.

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