what can I do about someone taking funds and Im the executor
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what can I do about someone taking funds and Im the executor
my step father put me as an executor of his will. But I just found out that on of the family member with draw money for his bank account. what can I do to get that money back
Asked on April 19, 2017 under Estate Planning, Texas
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
If the statute of limitations has not tolled (expired), you can sue the family member for conversion, which is theft in a civil case to recover the funds.
Another alternative is sue the family member and get a constructive trust as the remedy. A constructive trust requires the individual to return the funds. If the funds have been spent, items purchased with those funds or the value of those items are to be returned to your father's account/estate and the constructive trust can be used to trace the funds.
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