Executor Surcharged for Excessive Costs Incurred and Losses

Executor surcharged for missing dividends, for the costs of multiple appraisals, for losses upon the sale of securities that should have been more promptly liquidated, for litigation costs that exceeded the amounts at issue, and for late filing penalties for the decedent’s individual income tax returns.  The court also reduced the executor’s commission for payments to others for performing duties that were the responsibility of the executor.  Surcharge was denied for failing to make distributions before the executor’s account had been approved.  Grimble Estate, 3 Fid. Rep. 3d 224 (O.C. Washington 2013).

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