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What is the name of your state? CA

My life partner and his brother shared equally in the proceeds from their mother's estate. Five years later we tracked an asset that was not identified during probate (it is stock and it's valued at $75K today). On his way to call the executor to discuss this, my husband had an accidental death. That was six months ago. I am the only one who knows the details about this stock and although it is far from being a bird-in-hand, it is the only asset that exists in his estate. At the time he died, he had limited personal debts and he was paying them off and they were manageable. But because of his death, there are letters from Medicare and Medi-Cal saying they want to be reimbursed for medical expenses. I know I'm not thinking clearly, but even so, I'm pretty sure his medical expense total exceeds his half of $75K after commissions and administrative costs are deducted. If this is true, then this looks like an opportunity for me to go to a whole lot of trouble to get nothing except more sad. I need some input. Thanks for reading this.What is the name of your state?
 


Dandy Don

Senior Member
Whose name is the stock in?

Why doesn't the executor know about this?

Exactly how did you track this asset or how were you able to find out about it?

Did your husband leave a last will and testament and is it being probated in court? Does he have other assets to comprise an estate?

I'm confused by your use of the term life partner and also husband--are these terms interchangeable and do they mean the same thing?

The honest ethical thing to do would be to have probate opened up just to handle this and so that the creditors can be paid, but if I were you I would be consulting with a financial planner or business law attorney to see if there is a way for you or someone else to claim this asset without it going through probate--there may be a chance that that could be done, but I think it is highly unlikely.

DANDY DON IN OKLAHOMA (tiekh@yahoo.com)
 
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