Legal Question in Banking Law in Illinois

Bad advice

Since my husband had recently passed away, I had gone to my financial advisor to get advise on paying a credit card off in my husbands name. The financial advisor explained that I absolutely had to pay off the balances (in excess of $5,000) even though there was no estate and there was no probate. I later (2 months later) discovered that I was in no way obligated to pay off that debt. I had contact my financial advisor about the situation with no avail. I would like to know what legal action I am able to take in order to retrieve my funds. Thank you.


Asked on 12/27/07, 10:46 am

1 Answer from Attorneys

Joseph Michelotti Michelotti & Associates, Ltd.

Re: Bad advice

Why would you ask a financial adviser a legal question.

You can sue him and recover your funds.

email: [email protected]

web: www.michelottilaw.com

blog: blog.michelottilaw.com

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Answered on 12/27/07, 12:25 pm


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