Legal Question in Business Law in California

Can a big company do this for 18 years? Is it typical or should I look to employment or business law help? Please Read

My aunt worked for a publicly traded company until she died 18 yrs ago. She had will & as beneficiary our lawyer got me her last check, stocks, pension. All that follows(mail)is dated after her death thru present. Corporate Dept still sends info about pension, portfolio, 401k, etc. I got many Retirement & Savings Plan Account Statements (for various periods). They show 2 pensions, one has ($) that keeps growing with time and one says she has annual benefit from a pre-1990 pension plan. Portfolios list dividends. Where do they go & who gets them? 2011 Annual shareholder meeting papers say, you got this cuz you own stock in company. Control number logs me into voting page. It don�t seem fair to others if outsider (like me) gains access to voting site, I quickly logged out. I got a letter in 2011 saying they're changing her investment manager and another letter with her 401(k) PIN. The Company says she has nothing there. How can they make this mistake for 18 years. Do I need a lawyer?


Asked on 5/03/12, 10:33 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

The "big company" probably has a department or sub-department that handles employee (and former employee) benefits, including stock-purchase plans, etc., and I think this would be the starting point; you may have tried already and may have reached the wrong person or maybe the wrong department, so perhaps having someone else, such as an attorney with experience in adminstration of estates, try to clear it up for you would be worth while. Having the records of the probate (or other handling) of your aunt's estate would be helpful; apparently it was not completely and properly handled after her death.

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Answered on 5/04/12, 9:40 am


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