Unclaimed Money ”IN TRUST FOR”
My mother died in 1998. She had a bank account in New York that has been turned over to the state and is now unclaimed. I tried to claim it and was given a hold harmless and a loss of passbook (to give to my uncle) because it turns out she left it ”In trust for” her brother. The problem is that I haven’t spoken with my family since her passing. I drove down to see him and tried to call a couple of times with no avail. He did in fact tell me that I could receive it when she passed but I had to due certain thing that I was not willing to do. My question is, if I hire an attorney, what are my chances of receiving this money? Can I fight an “In trust for” bank account, even if it’s just sitting in Unclaimed?
Tag Archives: Probate, Trusts, Wills & Estates
80 year old Can’t Get her Big Inheritance Without Indemnifying the Trustee -…
80 year old Can’t Get her Big Inheritance Without Indemnifying the Trustee – Sho
My 80 year old aunt was left a good deal of money from a friend’s trust (the friend lived in Florida, and died March 2001). She’s supposed to get money both from a specific bequest, as well as from one half of the residuary trust. The trustee said he is willing to release the gift part now but only if he is indemnified. My aunt is nervous about signing the indemnification agreement – should she be? Would she give up any of her rights to the remaining half due her by signing an indemnification for the specific bequest?
She wants to enjoy the money as soon as possible, but is told the only way she can get part of the money now is to sign. Is it standard practice to require such an indemnification?
Will vs Estate My mother passed away recently.
Will vs Estate
My mother passed away recently. She had a will and named my father as the Executor and the beneficary in the event that she pre-deceased him. She left several life insurance policies. According to the issuer of the policies, my mother changed the beneficary designation from my father to ”the estate of…(mom’s name)”. The life insurance company first informed me that my father was the beneficiary, then, they came back with the info. about the ”estate” and wanted me to provide leters of administration appointing an executor, and now, they are telling me that I need to create an estate. My mother did not have an estate, just a will. Surely, my father had an insurable interest in my mother’s life. Do I have to create an estate, and how do you create one for a deceased individual? Wouldn’t an indemnification document suffice? I am really flabergasted!
”trust distribution by Successor Trustee” Can a successor trustee,who happens…
”trust distribution by Successor Trustee”
Can a successor trustee,who happens to be a Realtor and beneficiary of a trust, withhold or delay the distribution of trust funds to the other beneficiaries pending an indemnification release from liability for improper sale of real property trust assets to himself by the deceased Trustee of the trust? We have been requesting distribution in excess of four years.The successor trustee’s Father(the Trustee)sold the only income producing asset included in the trust to the successor trustee two weeks prior to the death of the Trustee. Now the successor trustee is demanding an indeminfication release from the other beneficiaries of the trust, before he will distributse the trust assets.I am not sure if this is legal or how to proceed without litigation.I cannot afford an attorney.Please help me. Thank You.
Claim rights for then child now adult regarding D.
Claim rights for then child now adult regarding D.I.C insurance written into the
What are the legal Rights of Minor Foster child,whom lost His Father in Vietnam War in the Line of Duty,While on Active Military Duty, W/ Honor. Then the secondary loss of childs remaing parent,Thus becoming an Orphaned. Regarding D.I.C dependents indemnity compensation under the law of the G.I. Bill of 1968! Said child was placed into foster home until 18 yrs old! Child flexed his rights to an Trust Fund he was made aware of by the V/A.And made an single withdrawl then chose to save the remaing money for the rainy day upon age 18yrs of age.knowing no place to go when the time came!child is now an adult and seeks to claim what was then his legally and legally his til this very day.