Bond on estate assets

[gloriasdaughter]

What is the name of your state (only U.S. law)? Virginia

My mother is the sole beneficiary of an estate. The Administrator, we believe, is mismanaging the estate. Although he has yet to provide an accounting (after 4 years!), by his own admission 80% of the cash assets of the estate are gone. We do know that he has purchased several bonds, using estate funds, at an expense of several hundred dollars each time. Here's my question: is there any reason that an administrator would have 7 bonds on estate assets? And is it typical that the estate has to pay for that? (If it is important, the assets of the estate are pretty simple - cash and a house).

The Administrator is an attorney and personally, I think the bonds have to do with several of his other clients and he's just using the estate funds to pay for them all.

 

[curb1]

Why hasn't your mother been given the assets in the estate? She needs to be more assertive in this situation. Administrator should be changed.

 

[gloriasdaughter]

Completely agree. Administrator should be changed. But it's my mother's decision to push this not mine. Even though she knows that Administrator should be changed, my mother has not taken it to court because of the previous close relationship she had with the Administrator and she did not want to "hurt" him. I am *thisclose* to convincing her to finally go to Court and I think this bond issue is another piece of evidence I can show her to say, hey, he is not doing right. That is assuming of course there is really no reason that an Administrator would have that many bonds. So back to my original question, is that the case?

 

[curb1]

My question again, why haven't the assets been given to your mother? She shouldn't need an "administrator" after all this time.