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geochemgal
Guest
Missing Savings Bonds
I reside in Alabama, but my question may pertain to Florida...
My grandmother purchased savings bonds for her grandchildren. I had seen them up until right before she passed away. The savings bonds were in denominations ranging from $1000 to $10,000 at face value (purchased in the late 1960's). The savings bonds were issued as either her name "and" the grandchild name, or her name "or" the grandchild name.
Believing that her word would be honored, and since her grandchildren's names were also on the savings bonds, she did not mention them in her will.
My uncle was the executor of her estate. After my grandmother's passing at her home in Florida, he phoned my mother on one occasion and mentioned that he had the bonds. Shortly thereafter, 2 of my sisters recieved a check from this uncle for $2000., and no mention of the bonds have ever been made. This uncle has now "divorced" himself from the rest of the family.
No one in my family nor another cousin has recieved the bonds. Could my uncle have been entitled--as executor of my grandmother's estate -- to cash those bonds and keep the money?
How can I find out about the disposition of these savings bonds? What could I do about finding out about other assets my grandmother had that are missing?
I do have the support of the rest of my family.
Thank you for your advise,
ashley
[Edited by geochemgal on 01-24-2001 at 01:47 PM]
I reside in Alabama, but my question may pertain to Florida...
My grandmother purchased savings bonds for her grandchildren. I had seen them up until right before she passed away. The savings bonds were in denominations ranging from $1000 to $10,000 at face value (purchased in the late 1960's). The savings bonds were issued as either her name "and" the grandchild name, or her name "or" the grandchild name.
Believing that her word would be honored, and since her grandchildren's names were also on the savings bonds, she did not mention them in her will.
My uncle was the executor of her estate. After my grandmother's passing at her home in Florida, he phoned my mother on one occasion and mentioned that he had the bonds. Shortly thereafter, 2 of my sisters recieved a check from this uncle for $2000., and no mention of the bonds have ever been made. This uncle has now "divorced" himself from the rest of the family.
No one in my family nor another cousin has recieved the bonds. Could my uncle have been entitled--as executor of my grandmother's estate -- to cash those bonds and keep the money?
How can I find out about the disposition of these savings bonds? What could I do about finding out about other assets my grandmother had that are missing?
I do have the support of the rest of my family.
Thank you for your advise,
ashley
[Edited by geochemgal on 01-24-2001 at 01:47 PM]