Line of heirs

• May 9, 2001

• #1

C

CSimi

New Member

I am the Admin of my fathers estate which includes settlements from a absestos law suit which he initiated before he died. My sister and I are his beneficiaries. Settlements that have already been distributed were signed and accepted by both of us. My sister passed away in 1999. She had no children but was married. There are more settlements in the future. Am I now the only heir to my fathers estate now or do any new settlements go to me and my sisters estate which would be my Brother in law? This is in New York. Thank you.

 

• May 10, 2001

• #2

Michael Wechsler

Administrator

Staff member

Regarding distribution rights, it is always important to look at the wording in the will. This seems to be a complex matter which requires a lot more information that you have been able to provide, such as a full review of the facts and inspection of the will. You may need to speak to an attorney and provide the necessary facts and documents for a thorough review, especially here as the amounts in issue seem substantial. Let us know if you need a reference as our database is not yet fully integrated.

 

• Jun 7, 2001

• #3

C

CSimi

New Member

My father had no will and I was appointed Administratrix. Does this make a difference as to the line of heirs?

 

• Jun 7, 2001

• #4

jon_

New Member

Originally posted by CSimi:
My father had no will and I was appointed Administratrix. Does this make a difference as to the line of heirs?

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Being appointed as an administratrix does not give you any additional rights as to inheritance, although you may be able to also collect a fee in handling the affairs of the estate. So if there were 2 heirs and you were one of them it is possible that you may keep a fee as administratrix and a share as an heir. There are a number of factors that dictate what happens and that includes state law, what may be in a will, etc.

 

• Jun 8, 2001

• #5

C

CSimi

New Member

Please read my original post. My post regarding me as Administratrix was only because in my original post I did not mention that my father had no will at the time of his death. The reason for my original post was because of the fact that my syster and I were the only heirs and now that she passed away, her husband is getting all of the money she would have gotten. I thought I would be the only heir left.

 

• Jun 8, 2001

• #6

B

brian

New Member

Originally posted by CSimi:
Please read my original post. My post regarding me as Administratrix was only because in my original post I did not mention that my father had no will at the time of his death. The reason for my original post was because of the fact that my syster and I were the only heirs and now that she passed away, her husband is getting all of the money she would have gotten. I thought I would be the only heir left.

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State laws can vary and you have to check with what state you are in to determine what the law is if someone dies intestate. If your sister was alive at the time of your father's death, that would probably also affect the outcome of distribution of assets because then it seems your sister would have had a right to her share at the time of death. Just because she died before it was distributed doesn't mean that all of a sudden it goes away but her estate would be entitled to it and her husband might get it as the beneficiary of her estate.

 

• Jun 9, 2001

• #7

E

ebdaly

New Member

stock

I have 1728 shares of Intel stock. It is in my name and in the name of my previous wife.
(JT. TEN.).This stock has just been issued to me by the Commonwealth of Mass. - Abandoned Property Division. My ex wife cannot be located but is still alive. I would like to break the stock into two parts--half under my
exwife's name and half under my name. Then I can cash dividend checks and not be concerned that Intel will resend the stock to Abandoned Property.
Can you help me with the paperwork needed to break the stock into two parts?

Edmund Daly

 

• Jun 12, 2001

• #8

Michael Wechsler

Administrator

Staff member

First, we don't know what state you are in and there may be local issues regarding distribution of joint property. There also may be specifics here regarding how to deal with your ex-wife's share who cannot be located. If you want assistance I can send you a reference of someone who has a good deal of experience with abandoned property.