Join our FREE personalized newsletter for news, trends, and insights that matter to everyone in America

Newsletter
New

Inheritance Was Stolen, How Likely Am I To Get It Back?

Card image cap

Location: PA

Link to post a year ago: https://www.reddit.com/r/inheritance/s/mjk8yXVOou

Long story short, found a letter from a financial institution about an IRA in my name. I am the beneficiary, my father is the trustee. I inherited 180k+ and now there is $.05 in the account.

I was supposed to receive half at 30 and the rest at 35 (with disbursements if approved). After asking repeatedly I never received account info, I only know the amount left is $.05 because he never threw the letter away even though he emptied the account. I never gave any consent to him removing anything from the account.

I’m taking him to court, but what happens if the money is gone and he has no assets? Am I just SOL? Will he be put on a payment plan? How long will the court process take since I have the letter stating there is nothing left and I never approved this? Will be he able to request continuances (not sure that’s the right term). I just want to know if it’s worth it for me to do this - I don’t think it’s fair that he’d be able to just take this and I never get anything but I don’t want to waste money if I’m not going to get it back (which is why I haven’t asked my future lawyer, don’t have retainer money yet)

submitted by /u/Anonforposting321
[link] [comments]