Stolen CD's

Deequeenbee | Mar 20, 2019 | 1 posts since 2019

My aunt passed away 2 years ago from cancer. A few weeks ago it has come to my attention that my aunt have CD's and a family member has them. I am the executor of her estate. I question this member and this person lied. I received a written statement from the funeral home saying this person has them. How do I go about searching for them? I have no ideal what bank my aunt got the CD's from. Can anyone help me on where to start to search for these stolen CD's?

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Answers

Ally6770 | Mar 20, 2019 | 4,304 posts since 2010

Get a copy of a tax return and the bank and or credit unions will be listed on the return. If you do not have access to the returns contact IRS.

AnnO | Mar 21, 2019 | 129 posts since 2018

I don't know how someone who is not the authorized executor or designated account beneficiary could claim any money from those accounts. Sounds like they are just holding onto pieces of paper, incorrectly thinking they can get something out of it. CDs are not 'bearer bonds'. Explain this to the relative and they may give up.

Ally6770 | Mar 21, 2019 | 4,304 posts since 2010

They cannot get the money but they could keep others from getting it. Maybe that is their goal. They could also get the money with a death certificate if they are the beneficiary.

me1004 | Mar 21, 2019 | 1,381 posts since 2010

They can get the money for the CDs if they are supposed to -- that is, if the aunt listed them as the beneficiary or joint owner. That would make the account not part of probate, and it would mean there was no theft.

I question how the funeral home would know anything.

The suggestion to look at the most recent tax return is a good one, they probably would be listed there. But as executor, you should be able to arrange to have a subpoena issued, but it might involve going to court.

Also note, two years later, chances are the CDs have matured, not necessarily automatic renewal. At some point, they would be escheated so watch that list.

Duck | Apr 19, 2019 | 111 posts since 2010

This response to your question if best

paoli2 | Apr 18, 2019 | 2,641 posts since 2011

I think I would want to know"how" the funeral home knows this person has the CDs. Since you are the Executor, I would think you can request more information from that funeral home and maybe they can tell you the names of any banks on CDs they may be aware of. Maybe one of these CDs was used to pay some of the funeral costs. It is a place to start. The family member may be using CDs that belong to another person so why would the funeral home use them for payment if someone else is named as beneficiary. I think this funeral home is your best bet for info.

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