Home     Law Advice     Insurance Advice     Community    
Wills, Trusts and Estate Planning : Includes Living Trusts, Estate and Gift Tax Planning, etc.
Go Back   FreeAdvice Legal Forum > WILLS & TRUSTS > Wills, Trusts and Estate Planning

Powered by Attorney Pages


  Find An Attorney In Your Area    
 



Sign up for our Free Email Newsletter
For Email Marketing you can trust
Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 01-31-2000, 08:35 PM
shall
Guest
 
Posts: n/a
Post

if a parent is deceased and there have been certificate of deposits in all the childrens names plus the deceased, can 1 of the children while the parent is alive cash in the cds and if so what can be done by the other children? we was not aware that the cd's were cashed in till our surviving parent passed away and we have come to find out that supposedly 1 child had got the parent to sign power of attorney and withdrew all the monies in all accounts. can that child be made to account for all the money ?
  #2  
Old 02-03-2000, 07:52 PM
Senior Member
 
Join Date: Dec 1999
Location: Several States
Posts: 4,500
Post

The child can be "brought to account" for taking the money, but it always is a costly lawsuit and an end to the family. The courts would probably say he held the funds in trust for all.

------------------
This is intended as general information only and NOT LEGAL ADVICE. You are not my client, and I have no obligation of any kind to you. To retain a lawyer, go to [url="http://AttorneyPages.com"]http://AttorneyPages.com[/url]
  #3  
Old 02-07-2000, 06:42 PM
shall
Guest
 
Posts: n/a
Post

all the money was wiped out and he is saying he is broke when we know otherwise so does he just get away with taking all my parents money and the rest of the children get left with nothing. now the attorney who is supposed to be the other co executors is saying that any bills left unpaid we are accountable for? is this true when the child that had power of attorney had all the money. can't he be made to pay the bills. he has taken everything from me and my sister all that is left is her house, which a realtor who is friends with the attorney appraised and it is not worth hardly anything. this is to be split 3 ways after the bills are paid which he had money in checking to pay. so we figure there will be nothing left and he has a big amount thousands upon thousands that he withdrew . can he withdraw money that was in a savings account with my name and my moms on? because he did.
I feel the attorney and him are on the buddy system my sister is the one that retained the attorney to settle the estate but the attorney let him change the locks on the house so we cannot get in it. my sister asked the attorney to get the key and keep it till all this is settled and he didn't ? please advise us on this,,me and my sister ost our mom and now we are losing everything else that she worked so hard for.he took the money and he is keeping it all every bit of it.
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 11:57 PM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.