What is the name of your state? Florida
After my fathers death my brother and mother transfered her IRA to his credit union, he also opened a joint checking account with her at the same time. He named himself beneficiary on her IRA. In the months before her death in March he had drawn a power of attorney over her affairs. The credit union is now claiming they have no proof he is the beneficiary, and are unable to provide him with copies of the original paper work where his status would have been noted. They are indicating that probate is his only option. this doesn't seem quite fair.
Any suggestions please , by the way the amount is relatively small $25k.
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After my fathers death my brother and mother transfered her IRA to his credit union, he also opened a joint checking account with her at the same time. He named himself beneficiary on her IRA. In the months before her death in March he had drawn a power of attorney over her affairs. The credit union is now claiming they have no proof he is the beneficiary, and are unable to provide him with copies of the original paper work where his status would have been noted. They are indicating that probate is his only option. this doesn't seem quite fair.
Any suggestions please , by the way the amount is relatively small $25k.
Edit/Delete Message