B
brentmaher
Guest
What is the name of your state? Wisconsin
After my wife’s grandfather passed away, my mother-in-law “Sue” (an only child), took over power of attorney for grandma. Grandma passed away a short 3 months later.
In those short 3 months, Sue saw a lawyer that prompted the power of attorney process. Her lawyer also prompted her to change all of grandma’s accounts to P.O.D. to Sue. This includes a $100,000 mutual fund that was already had P.O.D. beneficiaries as Sue and all 4 grand children. Also included was a $90,000 Savings account and $35,000 Checking account….. All changed to P.O.D. to Sue when Grandma passed away.
The issue is that after Grandpa died we made a copy of the will which clearly listed it as:
Sue’s responsibility to distribute all Tangible assets. Most importantly it lists Sue, and all 4 grandchildren as equal beneficiaries of all residue.
Since everything was converted to P.O.D., when grandma passed away, everything was automatically passed to Sue essentially bypassing the probate process.
She has since made it clear that she has no intentions of distributing the residue as the will states. She keeps indicating that “it’s all mine, I could just not give you anything”. The grandparents intensions were clearly spelled out in the will and it’s unbelievable that in 3 months their lifetime of planning and savings their final whishes could so easily be derailed.
Do we have a case against Sue for improper use of power of attorney?
Any idea how much this could cost in litigation fees?
After my wife’s grandfather passed away, my mother-in-law “Sue” (an only child), took over power of attorney for grandma. Grandma passed away a short 3 months later.
In those short 3 months, Sue saw a lawyer that prompted the power of attorney process. Her lawyer also prompted her to change all of grandma’s accounts to P.O.D. to Sue. This includes a $100,000 mutual fund that was already had P.O.D. beneficiaries as Sue and all 4 grand children. Also included was a $90,000 Savings account and $35,000 Checking account….. All changed to P.O.D. to Sue when Grandma passed away.
The issue is that after Grandpa died we made a copy of the will which clearly listed it as:
Sue’s responsibility to distribute all Tangible assets. Most importantly it lists Sue, and all 4 grandchildren as equal beneficiaries of all residue.
Since everything was converted to P.O.D., when grandma passed away, everything was automatically passed to Sue essentially bypassing the probate process.
She has since made it clear that she has no intentions of distributing the residue as the will states. She keeps indicating that “it’s all mine, I could just not give you anything”. The grandparents intensions were clearly spelled out in the will and it’s unbelievable that in 3 months their lifetime of planning and savings their final whishes could so easily be derailed.
Do we have a case against Sue for improper use of power of attorney?
Any idea how much this could cost in litigation fees?