What to do when assets are uninventoried or “fall off” the accounting statement? 1099 them!

Editor's note:  Regarding the Estate of Alice R. Gore, a 99 year old disabled ward of the Probate Court of Cook County.  This Shark presented ex-judge Kawamoto with two safety deposit keys found in Alice's papers. Ex-judge Kawamoto charged the bonding agent, Trausch to check out the disposition of the boxes. Trausch reported back in court that the boxes, "...belonged to others..." This Shark asks, "what others?  What about the  80 lb bag of antique silver coins that belonged to Alice? " Were these coins in either of the two boxes?  Maybe some of the persons responsible for Alice's estate should receive a 1099?  Lucius Verenus, Schoolmaster, ProbateSharks.com   What to do when assets are uninventoried or “fall off” the accounting statement? 1099 them! by jmdenison One of the most common complaints I hear from probate victims is that assets (often tens of thousands or more) are not inventoried in probate, and/or assets suddenly "fall off" the yearly accounting and the court looks the other way, and no matter how much the victim screams and yells, hollers at the top of their lungs there is theft, embezzlement and fraud going on, the court looks the other way, and the GAL's and plenary guardians rub their hands together with glee, over whatever split they get for doing this.   The solution from Ken?  Send them a 1099!   Great idea and thanks Ken.  Let them explain it to the IRS and where the money went.  That's not my job or yours. jmdenison | October 10, 2013 at 2:21 pm | Categories: Uncategorized | URL:http://wp.me/p209wH-Yf Comment    See all comments

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