kentucky burden

[zowiedog]

i live in ca.

my husbands father pasted away in 1988 , he left a living will that stated that none of the inheritance could be touched until his present wife passed on. here is our ? the inheratance is in safety deposit boxes in 8-$ 100,000.00
T-bills , the bank is in Kentucky ,my husband is the only one that can open the SDB (he was with his dad when he set it up ) but he cannot remember what bank it was. and due to an unfortunate incarseration all of his belongings were confiscated including the SDB key. we have tried a lawyer they say nothing can be done until the wife is gone, what about the rent on the safety deposit box ?, what happens to the contents? does it get turned over to the state? is any one required to notify him when she passes on ,she was declared incompetant and put in nursing home with alzheimers in 1993 .

 

[BelizeBreeze]

Your only possibility at this point is to contact The Office of Financial Institutions (OFI) at dfi.info@ky.gov or call Andie Cubert at 800-223-2579.

They MAY be able to help in determining where the box is located however, gaining access is another question And one that will require an attorney.

 

[Dandy Don]

Can't he at least remember the city or county where the bank was located? Please mention your husband's father's name and date of death and city of death so I can check some online sources to see what information might be available.

You used the term "living will" which may not have been what you meant--a living will is a document stating that you don't want to be put on life support and is a health-related document--I think you meant

At some point you will need to take the will to a probate attorney to have him review it to see if the language is correct or if there are potential loopholes in it according to how it was written.

So who is taking care of your mother-in-law's financial affairs now that she is afflicted with Alzheimers?

DANDY DON IN OKLAHOMA (tiekh@yahoo.com)

 

[zowiedog]

kentuky burdon

his name is louis dean wheeler sr. and i believe he was in louisville kentucky when he passed away .dec 12 1989. his adress was 3030 hook ave, louisville kentucky. he thinks that it may have been the bank of louisville or maybe something with the word bardstown .. thank you

 

[seniorjudge]

At some point you will need to take the will to a probate attorney to have him review it to see if the language is correct or if there are potential loopholes in it according to how it was written.

OP, was the will in fact probated? If so, you need to take a little trip to the commonwealth to visit the court where it was probated. That could give you a start.

 

[Dandy Don]

Contact the Jefferson County Probate Records division at (502) 574-6220 and ask if they have any record of an estate being probated for Mr. Wheeler. You seem somewhat uncertain about the year of death and I couldn't find it on the Social Security Death Index, but as long as you tell them it could have been in 1988 or 1989 that will give them some idea of where to start looking.

If there is a will you need to go to the courthouse to look at the probate file or if you can't do that, order copies of every document in the file by mail so you can find out exactly how the estate was handled and who was executor. If there is a will, please say so by posting a response to this message, as I may have an additional suggestion for you.

I'll have to do some research on the bank names and do a follow-up posting later on to give you that information.

DANDY DON IN OKLAHOMA (tiekh@yahoo.com)

 

[Dandy Don]

Call the Treasury Department at 1-800-722-2678 to find out if your husband's father purchased his T-Bills through a Treasury Direct Account (you need to know his name, date of birth, and SSN)--if no account with them, then he got them through a stockbroker. Would you know the name of the stockbroker your husband's father might have used? If you don't, then the executor of your husband's father's estate (if there was an executor) can order copies of his state or federal tax returns to see if clues are there to show whether the T-Bills were redeemed and who his bank and stockbroker might have been.

Problem is that T-Bills are short term investments that can be redeemed within 1 month, 3 months, 6 months, etc. and you have no way of knowing for sure whether your husband's father or your husband could have taken the T-Bills out of the safety deposit box to get them redeemed or not.

I am still doing research on the bank name so send me an e-mail so I can give you that information when I get it.

DANDY DON IN OKLAHOMA (tiekh@yahoo.com)