Legal Question in Wills and Trusts in Ohio

when we were young our parents bought bonds . It was done through payroll deduction with our Father's name and SS# on the bonds. Unknown to us, in 1996 he had the bonds re-issued with each of us put on as co-owner. The bonds were re-issued as ---Dad's name and SS# "OR" our name. He divided them equally among us only only one sibling was aware of what he did.

Now almost 30 years later the rest of us found the bonds and they are in our possession. Dad has been in assisted living and now the one sibling informed us that Dad is running out of money and will have to go on Medicaid She wants us to give her the bonds to keep him in assisted living so that he can deplete all his assets and go on medicaid. She said because the bonds have his SS# on them they are legally his and that if we cash them we would be subjet to prosecution. I feel that they are in our names also and we physically have them--they are ours. Dad has told us that the bonds were intended for us and that he wants us to have them Thank you


Asked on 9/11/13, 7:09 pm

1 Answer from Attorneys
James Slater Slater & Zurz LLP

To properly answer your question, we would like to provide you with a free telephone consultation. Please call our law firm at 1-888-534-4850 and ask for James Luna. You can also email James at [email protected]. He will connect you with one of our attorneys who will discuss this issue with you, answer your questions and provide you with guidance. We look forward to your call! Yours Truly, Jim Slater, Slater & Zurz LLP

Read more
Answered on 9/11/13, 7:13 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Ohio