What happens to unclaimed bank money from deceased parent?
My father recently passed, and my brother offered to administer the estate, which amounts to less than 10,000 in the bank. My siblings are not cooperating with sending back their signed papers, and the bank said we have two months, or lose the money.
Thanks for the answers! Well, my father did not leave a will. Things were left rather in a mess. My brother said that the surrogate court (NJ) was controlling things, and had ordered the bank money to be split amongst all of my father’s living children.
the money will go to the state. the state will put the money into an unclaimed money account. you can then contact the state treasurer where you live and try to get it from them.
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