My question involves estate proceedings in the state of: PA
Just need some clarification. My attorney and I went to open an estate account at a local bank, which is also a national bank. There are assets (stocks and bonds) which are in a different account through an investment brokerage firm. Even though we already have an estate account established at the local bank, the broker is saying we need to establish a 2nd estate account through the brokerage. I told my lawyer this and he said that was nonsense and no need to do that. The broker claims that the stocks are stuck in limbo in a deceased person's account, and the stocks cannot be liquidated until they are first moved into an estate account at the brokerage.
What say all of you?
Just need some clarification. My attorney and I went to open an estate account at a local bank, which is also a national bank. There are assets (stocks and bonds) which are in a different account through an investment brokerage firm. Even though we already have an estate account established at the local bank, the broker is saying we need to establish a 2nd estate account through the brokerage. I told my lawyer this and he said that was nonsense and no need to do that. The broker claims that the stocks are stuck in limbo in a deceased person's account, and the stocks cannot be liquidated until they are first moved into an estate account at the brokerage.
What say all of you?
Estate Assets and Debts: Multiple Estate Accounts Needed
Aucun commentaire:
Enregistrer un commentaire