Can An Executor Force Beneficiaries To Sign A Release?
The executors of my mothers estate are requiring us to sign a release of liability in order to close the estate and receive distributions. We are hesitant about signing the release because we have requested an informal accounting over the past 7 years and they have sent bits and pieces, but we really haven’t seen the entire scope. They told us the formal accounting will cost the estate a lot of money.
We wanted to reword the release to say that we release them of liability only on the information that we know and/or after 4 years after the estate closes. Is this typical behavior of the executor to force us to sign the release in order to get our distribution? Are our changes to the release reasonable?