More details to this question:
My father passed away last year and to my knowledge he didn't have a will. He owned a small property that he had taken loan on and the balance was about 20,000. My sister and I are both not interested in taking over the land payments so we are letting the lender have it. Recently I found a letter from a company he worked for for 8 years stating he had a little over $10,000 dollars in profit shares. At the time of his death he was not working for that company (or any, he was laid off ). I'm just curious if me and my sister (33 and 32 years old) have any right to the profit share?
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If your father was not survived by a spouse, then you would be the legal heirs who would be entitled to those shares. It would be prudent to consult with a probate attorney for further guidance after an in-depth evaluation of all the pertinent factors. You may also want to contact the company directly. All the best.
Answered on Oct 01st, 2014 at 8:57 AM