This is an example of the good the press can do. The publicity will probably make WF turn over the bucks.
Too bad our press is normally consumed with bending reality itself to support the liberals.
I think this is more common than we know.
Escheat probabley.
Maybe if he reopens the probate?
WF is one of the worst. They will close accounts (and keep the money) for inactivity. Probably what happened here. Had a friend who was POA and then executor and they still would not turn over funds or records claiming she didn’t have authority. over a year later she is still fighting them in court.
I think in some states,— e,g, CA, I don’t know about his state,— any account that is considered dormant, not touched for 3 years, is taken by the state. I know of people who lost money that way.
we recently stumbled on an old bank account of my father who died in 1997. Not easy & took a lot of paperwork but the money was still there and we got it.
//A spokesman told us that dormant or abandoned CDs are supposed to be transferred to the state’s unclaimed property repository//
SUPPOSED to. Far more likely is it just gets ‘lost’.
Granny should have stuffed the couch cushions.
Wells Fargo, we are most certainly not your family.
Wells Fargo, yeah, gimme that.
Wells Fargo, our train of horses just ran over your grandmother, yeah, we have no proof of receipt of said funds.
Wells Fargo, f you, I’m eating.
Sad. He got his hopes up. The grandmother was smart enough to open a CD and was probably smart enough to close the CD with her children and not her grandchildren. Sir: Ask your parents or aunts or uncles where the $32K went. Wells Fargo keeps records for seven years. Period.
Why would she put a worthless receipt in her safe deposit box? She wouldn’t!
It went to Wells Fargo's bottom line.
I'm not a fan of Wells Fargo by any means, but this argument seems to be rock solid to me.
It there is no IRS records of her claiming this on her taxes and the bank has no record of issuing the proper IRS form (which the IRS should have a copy of) then the account should still be active.
If it was one of your elderly relatives, they’d suspect foul play.
Not everyone here knows your background like I do!!
I can tell you what they’ll probably do no matter the deceased has been dead since the 90’s. They’ll ask him if she had a will and if so, if it went through probate and if not, deny family members access to it, hold or freeze it, it and make the family have to sue the bank to be able to cash it out. Some bank officers try to play lawyer even though they don’t know the laws. Some even skim from these “dormant” accounts if interest is still bring paid on them.
Look at the bank officer who's always dressed immaculately, drives new cars, and lives in a big house beyond what would normally be his means. One that is a narcissistic a-hole with a chip on his soldier that treats people like crap. There you will find your thief. Hmm sort of reminds me of someone else.
Sounds like a good reason to have a will. I dont understand how this was just recently found. Who was paying for the safety deposit box all these years.
Stand in front of the bank with a sandwich sign on that says “Wells Fargo stole my money!” and you will soon have your cash.
Reminds me of a pal of mine who’s granny passed. The family was at the house after the funeral and somebody had picked up a book of interest and thumbed through it. Found a few hundred-dollar bills in it. The family spent the next couple days going over that house and ended up with several thousand in currency.