Posted on 10/24/2022 10:03:53 AM PDT by DUMBGRUNT
A Gage Park man's $11 million estate will be divided among 119 distant relatives, officials said.
Joseph Stancak lived a quiet life in Gage Park and was found dead in his modest bungalow on South Troy Street in 2016, according to the state treasurer’s office. Little is known about him — except that he left behind a fortune, said Rudy Quinn, president of Linking Assets Inc., a company that finds unclaimed money.
Stancak never married, had no children or immediate family and died at 87 years old with no will, Quinn said. He was a lifelong Chicagoan who owned a boat named “Easy” and invested in mutual funds, said treasurer’s office spokesperson Greg Rivara. Neighbors told CBS News he lived frugally.
“No one knows what this guy did and what led him to diversify his wealth in the way that he did. … And we didn’t know his property would balloon to $11 million,” Quinn said. “We had to get creative.”
Stancak’s six siblings are dead, and none of them had children, Rivara said.
“In my office I have a scroll 15 feet long that can go across the entire room,” Piercey said. “I’ve never seen a case this complicated before.”
“And we don’t even have a picture of the guy,” Rivara said.
(Excerpt) Read more at blockclubchicago.org ...
All that work and now some bureaucrats and lawyers will piss it all away.
Sadly, $11 million is no longer a fortune.
Wow. Certainly I must be a distant cousin or something.
> And a bunch of undeserving relatives.
Deserve has got nothing to do with it. ;-)
I’m his illegitimate son he had with a prostitute in Slidell back in the 1960’s. We have to share.
Yup, I’ve seen it all to many times before. A lifetime of accumulation of treasures that will be problem junk for someone else to get rid of. It is all truly vaporware and vanity.
Some guy I knew was fretting about what would happen to his stuff when he died. I scoffed that he would be dead and it would not matter one whit what happened to his stuff.
Stuff is like knowledge, it is only important if you understand the back story.
Between a sense of "I'll have time to do that later.", and other priorities, its too easy to put off.
None are guaranteed another breath.
Might have bought a ton of Microsoft, Amazon, etc years ago.
The lawyer cut seems to be about $3,800,000 leaving about $60,000 per heir.
My stuff is in a trust so the lawyers and judges just get to watch my heirs walk away instead of taking it all like they did my in-laws money.
I’ve left instructions to burn everything if they lawyers get near it.
Uncle Joe!
Sorry I lost touch, been busy, donchaknow...
That’s true!
People worry too much about dying broke. That's actually what you should be aiming for. Sure, leaving money to your kids sounds nice but you just know they are going to blow it on sports cars, RVs, vacations, boats, etc.
So why don't YOU do all those things instead with your hard earned savings!
“he didn’t have a wife or kids”
There is the secret.
No wife, no 50% divorce.
No kids to pay for college, etc.
“Send lawyers, guns and money, Dad get me out of this.”
I wonder if he had an investment advisor, because if he did I’d fire him.
I don't worry about dying broke. I worry about living broke. I've watched someone close to me go from bankruptcy to bankruptcy, living on the financial edge always. There are several reasons it was like this, but one of them was using the quick fleeting 'happiness' of buying something to soothe life. It only made life harder.
The silver lining might far outweigh the cloud. Those who recognized such things as mental illness and are determined not to pass it on are to be lauded. The fact all of them had no kids points to something very wrong in their lives growing up.
Joseph Stancak may have focused on numbers and patterns as a means of dealing with trauma. He may have helped his siblings and since he was the last one left may have inherited all of their wealth as well.
It wouldn’t be czechs anymore, it would be dvirect dzeposits
Good luck! What is the administrator’s fee in your state?
Oh no, he’s my uncle!
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