What to do if my grandfather died and as the beneficiary on his bank account the executor now wants me to give them the funds from the account?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What to do if my grandfather died and as the beneficiary on his bank account the executor now wants me to give them the funds from the account?
My aunt is the executor; the Will was never read.
Asked on August 28, 2014 under Estate Planning, Texas
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
I am so sorry for your loss. There is no formal requirement to read the Will to those that would inherit. You need only receive a copy. I am assuming that your Grandfather executed a TOD beneficiary form for your benefit. THese assets generally pass "outside the estate" meaning they are not part of the estate. But the estate has to be looked at as a whole and one needs to know why your Aunt is asking for the money. Is it because the estate has debt she can not pay with out it? She may then be able to the court to place it in the estate. Is it because it contradicts an estate plan already in place? One needs to know. It is a good idea to ask and then to seek consultation from a a lawyer in your area. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.