Uncashed inheritance check. Sibling has not cashed the cashier's check issued as part of the estate closing nor has she signed paperwork relating to the closing/will. Family member probably thinks she should have more money, but the check was no "small potatoes" amount all the same.I will speak with parent's elder law attorney later this week. Anyone out there have an heir do nothing with estate paperwork and money? Any idea on what the next steps may be?
Angel
About the check how do you or the executor know that they received it? If it wasn't sent certified mail with the return registered receipt, the executor may need to do a stop payment on the check, then notify the recipient that this has or will happend via certified with RRR and reissue the check with a specific "void by" on the check to them. Speak clearly with probate atty as to how to write the payee on the new check so that if it goes to "unclaimed funds" that the executor can themselves claim the $ years from now when the state does its unclaimed funds redemption program.
To get unclaimed (also called escheated funds) $, you have to be able to show heirship to claim ownership. So that's why it's important that the check be written to sibling but also in some way needs to indicated "heirs of" on the check so you or the executor can redeem the $ later on. Comprende? Btw my state (Louisiana) did an unclaimed redemption at Lakeside Mall in Metarie last year as this Sec of Treasury is actively getting unclaimed back to the public. State did commercials on it & what to bring to get funds released. Thousands showed up. Very successful.
It's best to post your question on a new thread. You will get a better response. This one originated back in February.
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