gdmedwards
Junior Member
What is the name of your state (only U.S. law)? texas
My brother persuaded mother to remove her name from her Dean Witter account approx. 10 years ago and leave only his name on it. His "reason" was to prevent us paying inheritance taxes later and to protect Mothers funds in case she went into a nursing home so the state couldn't take her assets. Mother had well over $200,000.00 at that time. He has never shared any informatiom with my older sister or myself on the status of these funds since, other than to inform us mom "lost a bundle" in the market sometime in 2001-2002 but he refused to say how much. Mom passed away in June 2008 and he has now feigned ignorance of will and probate procedures as to why he hasn't probated her will. When my sister asked him after the funeral about moms funds his reply was, "with the market like it is, they should stay where they are."
How are we to know what he has spent, what is left, and since the money has been in his name and sole control all this time do we even have a chance of receiving anything after he waits the 4 years he has to probate the will?
He is and always has been very financially comfortable, unlike my sister or myself. My sister is in her 70's and in very bad health. Her inheritance share would help a lot with her medical bills NOW! 4 years from now she may not be with us anymore.What is the name of your state (only U.S. law)?
My brother persuaded mother to remove her name from her Dean Witter account approx. 10 years ago and leave only his name on it. His "reason" was to prevent us paying inheritance taxes later and to protect Mothers funds in case she went into a nursing home so the state couldn't take her assets. Mother had well over $200,000.00 at that time. He has never shared any informatiom with my older sister or myself on the status of these funds since, other than to inform us mom "lost a bundle" in the market sometime in 2001-2002 but he refused to say how much. Mom passed away in June 2008 and he has now feigned ignorance of will and probate procedures as to why he hasn't probated her will. When my sister asked him after the funeral about moms funds his reply was, "with the market like it is, they should stay where they are."
How are we to know what he has spent, what is left, and since the money has been in his name and sole control all this time do we even have a chance of receiving anything after he waits the 4 years he has to probate the will?
He is and always has been very financially comfortable, unlike my sister or myself. My sister is in her 70's and in very bad health. Her inheritance share would help a lot with her medical bills NOW! 4 years from now she may not be with us anymore.What is the name of your state (only U.S. law)?