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

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.

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

  1. Brilliant idea, Ken! If they are going to act like the Probate Mafia, then it’s only fair to hit them with the RICO act. This IS happening in Chicago after all — where there is a long history of using the IRS to nail thugs. 🙂

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