Robert Baker pleaded guilty Tuesday in federal court in Brattleboro to a wire fraud charge.
Prosecutors say that between September 2011 and January 2012, Baker misappropriated about $171,000 from the estate of Nada Ledinko, who died in July 2011.
As part of a plea agreement, Baker agreed to liquidate his personal brokerage account and turn all of the proceeds over to the administrator who has been appointed for the estate.
He was released on conditions. Sentencing is set for September.