Legal Question in Wills and Trusts in Florida
Bank Account Unclaimed by Beneficiary
My mother established a savings account with a friend's money at her request
and named her as the beneficiary. My mother died in February of 2004 (it will
be one year on 2/26/05). This woman is unable to claim the funds. The
bank says it probably won't accept a notarized letter of authorization for me
to collect this money on her behalf. Two questions: any other ideas about
how I can collect it, and what happens to the money ($1000) if the
anniversary of my mother's death passes and the beneficiary does not collect
it?
1 Answer from Attorneys
Re: Bank Account Unclaimed by Beneficiary
Ask the bank for their power of attorney form.
Get the woman to give you her power of attorney on the bank's form.
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