The Executor of my Mother's estate lost a diamond ring. Can I sue?

Full question:

The executor of my Mother's estate lost a diamond ring I was to get. It was valued at 2000.00 but to me it is priceless. Can I sue the executor for 10,000.00 or more?

  • Category: Wills and Estates
  • Subcategory: Executors and Administrators
  • Date:
  • State: Alabama

Answer:

You can sue but can only collect a max of $2,000.00

Alabama Statutes
Title 43. WILLS AND DECEDENTS' ESTATES
Chapter 2. ADMINISTRATION OF ESTATES
Article 5. Liability of Executors and Administrators
Current through Act 234 of the 2017 Legislative Session
 
§ 43-2-110. Limits of liability generally

No executor or administrator is liable, except in the case provided by section 43-2-62, beyond the amount of assets which have come to his hands or which have been lost, destroyed, wasted, injured, depreciated or not collected by want of diligence on his part or an abuse of his trust.

Cite as Ala. Code § 43-2-110 (1975)

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

An executor is held accountable by the beneficiaries of the estate and the probate court. Beneficiaries can request an accounting of the estate's assets and how they have been managed. If the executor fails to fulfill their duties or mismanages assets, they can be held liable in court.