QUESTION

Unclaimed funds

Asked on Jan 28th, 2020 on Estate Planning - Georgia
More details to this question:
I am trying to recover unclaimed funds from NYS i reside in Georgia in the name of my Grandmother who is deceased my mother also deceased. I have submitted forms and documents a few times in the past they tell me I need a lawyer because I now live out of state. I need advice or help submitting the correct documents and forms.. The claim amount isn't worth hiring a lawyer.
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1 ANSWER

Wills Attorney serving Alpharetta, GA
4 Awards
Unfortunately, if you have already tried submitting forms and documents and you aren't getting anywhere, and if you need help and advice on how to file additional documents, then you need to hire a NY attorney. Your other option is to give up on the funds. For one thing, unless you are actually the legally-appointed representative of your late grandmother's estate, you may not even have the clear legal right to claim the funds. If the funds are in the custody of New York State, then it will be their laws that you have to deal with. They aren't required to make it easy to claim lost funds. This likely won't be much consolation to you, but we have the same kind of situation in my own family, where several deceased family members have unclaimed funds on record in North Carolina. However, because there are no currently appointed Executors for their estates, there is no one who currently has the legal right to claim the funds, and the value of the funds does not make it worth opening (or re-opening) the estates to claim them. So there they sit, and will likely remain there forever. You can try contacting a legal aid organization in New York, but most of those groups won't help with estate-related matters like this. You may also be able to find a financial advisor or CPA who will provide you with some advice, if you are using that person for other matters. Good luck- I hope you are able to figure it out.
Answered on Jan 29th, 2020 at 5:10 AM

This answer is being provided as general information and not as legal advice. No attorney-client relationship is created by this answer.

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