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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Monday, May 5, 2014

Stolen Estate Funds Discovered After Attorney’s Death

TheftA Baltimore attorney, Charles Kountz, is suspected of emptying the estate of one of his client’s father. The missing funds were not discovered until after the attorney died. The Roberts family hired Kountz to handle their father’s estate. After the estate’s debts were paid off, a large amount of the remaining $235,000 was expected to be divided between the four heirs of the estate. The family waited two years for the distribution, and then Kountz died. The family was then informed that there was no money left in the estate. The missing funds seem to have gone to Kountz, who wrote himself checks from the estate, and at least $100,000 went to settle the estate of another client. The family is currently attempting to recover the missing funds through the Maryland Bar Association's Client Protection Fund.

See Barry Simms, Family Loses Loved One; Inheritance Disappears, WBALTV, May 1, 2014

http://lawprofessors.typepad.com/trusts_estates_prof/2014/05/stolen-estate-funds-discovered-after-attorneys-death.html

Estate Administration, Malpractice, Professional Responsibility | Permalink

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