Hello,
My father passed three months ago without a will. He rented an apartment and had no vehicles, etc. His only asset is about $3,800.oo and some odd change in his credit union account. We thought it was easy as my brother taking the death certificate to the credit union and closing it out. But it is not. I spoke to a lawyer and explained the situation, and that we do not speak to one of my brothers and we don't know where he is located anymore. We have no clue, been years. He explained what we would have to do. When it came down to everything, it just does not seem worth to try and close out his account. It would end up costing us it seems.
So my question is what will happen to this money after there is no activity?
A friend told my brother that we should just write a check out to ourselves for the amount in the account, leaving a small amount left. That is was what they had to do when their Mother passed to close out an account.
Any help would be appreciated.
My father passed three months ago without a will. He rented an apartment and had no vehicles, etc. His only asset is about $3,800.oo and some odd change in his credit union account. We thought it was easy as my brother taking the death certificate to the credit union and closing it out. But it is not. I spoke to a lawyer and explained the situation, and that we do not speak to one of my brothers and we don't know where he is located anymore. We have no clue, been years. He explained what we would have to do. When it came down to everything, it just does not seem worth to try and close out his account. It would end up costing us it seems.
So my question is what will happen to this money after there is no activity?
A friend told my brother that we should just write a check out to ourselves for the amount in the account, leaving a small amount left. That is was what they had to do when their Mother passed to close out an account.
Any help would be appreciated.