statue of limitations

[miok]

I am in Massachusetts and my grandmother passed away about 10 years ago in a nursing home and I have found a cd in her name. Can I cash it without the state taking it? Thank you, Kris

 

[rowz]

Whi paid for the nursng home bills?

If there was a balance due, then I would expect that you would not want the taxpayers of the great State of Mass. to pay for the obliogations of your grandmother.....would you?

Also, I would think that this CD may have be now in the unclaimed property division of wither the State or the bank. Either of them could tell you how to proceed.

Let us know how it goes.

 

[miok]

Thank you for such a quick response. There was no balance when she passed and the money is at unclaimed property. It will cost money to put in a claim, so I do not want to pay money to initiate a claim if the state will just take it.

 

[richie78]

Thank you for such a quick response. There was no balance when she passed and the money is at unclaimed property. It will cost money to put in a claim, so I do not want to pay money to initiate a claim if the state will just take it.

I am in a similar situation. Found a bank account balance of my Grandfather's that was turned over to the state treasurer, and initiated a claim. they told me that I have to file for a Voluntary Administration thru the Probate court. Since my Grandfather died long ago and his estate closed, this Voluntary Administration would open the estate with all of the fillng requirements which would be quite expensive to do. In addition, I would have to hire a lawyer to represent me since I am a non-resident of Massachusetts. The costs involved appear to far exceed the amount of the unclaimed property. Surely there must be an alternative method to support a claim other than this Voluntary Administration requirement.
Hope that someone can help us by clarifying the claim procedure.

 

[Dandy Don]

Miok, check at the county courthouse probate court/surrogate court to find out if your grandmother had an estate that was probated--if she did, then look at the file or order copy of the page that shows the will and the name and address of the executor. If executor is still living, they may be able to take care of this for you and distribute the monies to all legal heirs. If there was no estate, then you will need to consider whether it would be worth it to hire a probate attorney to get an estate opened up for this or whether you would want to serve as administrator yourself.