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Old 03-30-2005, 12:45 PM   #5 (permalink)
greeneyes
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Location: Charlotte, NC
Quote:
Originally Posted by NoSoup
Watch his mail for statements - typically institutions will issue at least annual statements unless he specifically requested that they do not.

Worse case scenario, they are required to send information at the end of the year regarding the amount of interest he earned, so either keep an eye out for next year or check his taxes from last year...

Good luck!
But if he died in 2000, they should have already been seeing those statements and end of year interest statements.

Power of Attorney paperwork is null and void after the person dies (at least in the state of Indiana). Is there an executor of the estate? If there is, have that person call banks in Omaha. I would ask to speak to a branch manager or someone in the trust department who will probably have more experience with this sort of thing. Unfortunately, the executor will have to provide proof of identity which more likely than not will need to be done in person.

I've run into a few situations such as this and all I needed to see was a death certificate and some sort of paperwork naming a beneficiary or executor. Something else you should be aware of is dormant account policies. In Indiana, an account is considered dormant after a year of non-use, ie no deposits or withdrawals and no, interest deposits do not count. A dormant fee is assessed after a year and is typically five dollars. However, after a certain amount of time (seven years in Indiana) that money will then be turned over to the state.

Hope that helps!
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