Posted on 07/18/2013 8:49:19 AM PDT by lafroste
Hello all. I have an interesting problem. Apparently my mother started a savings account for my son when he was born. The last statement date is 6/30/98. The bank she used no longer exists. My mother passed 8 years ago. Anyone have any ideas of where that money went or how I can retrieve it?
an example ... Wachovia was taken over by Well Fargo.
“the bank does not exist anymore” ... not usually accurate. It didn’t vaporize.
In that case above, go to Well Fargo.
You will need your mother's SSN and address at the time, and any other addresses you can remember. Typically, they will ask for 2 proofs of death (death cert and obituary), the names of any executors and any estate tax ID number, driver's licence of the applicant and/or executor, and a list of all heirs, so that one sibling can't just help him- or herself if there were five siblings or designated charities in a will.
If you are in Nigeria, I can help.
Ok, thanks for the info. I hope it turns out that way for our fellow FReeper. :)
Check the Unclaimed Funds division of the state comptroller / board of equalization
Look for a link for “abandoned property” in the state in which the account was established. The state government should have a clearinghouse for abandoned property, and you should be able to find info about how to retrieve the property.
Didn’t find the account I was looking for but found 2 accounts for my other son, and 3 accounts for my deceased brother.
My mother bought a $1000 paid up life insurance policy for me and each of my three siblings at birth. I was born in 1943 (youngest of the family) and was well into my 60s when I checked the Wisconsin "Unclaimed funds" web site, and sure enough there was about $2500 sitting there under my name. My sister (oldest of the 4 of us) was born in 1932 and she also had cash waiting. My two brothers did not have a forgotten legacy, I'm guessing they had cashed out earlier.
It least in Wisconsin the unclaimed cash is your's to find for a lot longer than 15 years.
Regards,
GtG
Check your state’s office of abandoned property. They should have a record of the account and a claims procedure. Many states now put the information online.
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