Can an estate file bankruptcy if the trustee got a loan then defaulted on it?
Grampa had an atty who drew up a living trust for him, which named same atty as trustee. Living trust was so that Grampa's sister (95) could stay in the house (owned free & clear) until she passes, then the house would pass to my brother & I. The atty spent all ($600,000) that was in the estate, then got a loan on the property & stopped paying on the loan, all without saying a word to any of the beneficiaries. The lender is now about to foreclose & evict the 95 year old Great Aunt Ann. Thought maybe if I foreclose, as a beneficiary of the estate we could stop the foreclosure & save my Great Aunt? HELP PLEASE?