My grandpa died a few years ago, leaving my confused grandmother with a ton of cash. This cash has been put in a trust fund that noone is allowed to touch unil my grandma passes. However, I have some shady family members. Would it be possible that they would rack up bills in my late grandfathers name? They have access to his social, mother's maiden name, etc. If they rack up bills in grandpa's name, would it be possible that the trust fund be used to pay for the racked up bills? (once we have access to it?) I talked to a lawyer and he said it's been over 9 months since grandpa passed, so I have nothing to worry about. So why am I still worried??
2007-01-15 08:36:05 · 7 answers · asked by mktobyjo 3 in Politics & Government ➔ Law & Ethics
MOST (not all) places that would issue credit would perform a credit check first, using a social insurance number and birth date. If your Grandfathers estate was probated through the courts some dillegence was likely performed including what is known as a Final Return with income tax, (which is ABSOLUTELY necessary for large estates, which it sounds like it was) the preparation, filing and payment of a final return would nullify the social security number and your grandfather would show up deceased.
Also, a good lawyer for an estate will issue a "Notice to Creditors" in public and legal publications. It basically gives 30 days for creditors to make a claim against the estate. After this period has passed, it is nearly impossible for anyone to try and make a valid claim for any monies owed against the estate.
Also, if there is credit showing being used months after the death and disposition of the estate, I would think it highly unlikely that any reasonable person would find it to be a valid debt of the deceased.
2007-01-15 09:16:45 · answer #1 · answered by elysialaw 6 · 0⤊ 0⤋
Your lawyer is actually right, probably. As long as you notified the government of your grandfathers death, and filled out the proper paperwork, his social security number is done as well. If somebody were to try to apply for a credit card with his social it would come back as the owner of the social being deceased. Don't be worried.
2007-01-15 08:49:32 · answer #2 · answered by booby_shoes 1 · 0⤊ 0⤋
With his social security number and other personal information, it's possible to get credit cards and all sort of other things. Not every company is careful to check whether or not the person is actually still LIVING. If you're concerned, get a credit report for your grandfather; it will tell what, if any, activity has occurred in recent months under his name.
2007-01-15 08:45:42 · answer #3 · answered by Anonymous · 1⤊ 0⤋
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2016-12-12 12:08:41 · answer #4 · answered by deibert 4 · 0⤊ 0⤋
Whenever a lawyer says you have nothing to worry about, you better start worrying.
2007-01-15 08:41:03 · answer #5 · answered by johN p. aka-Hey you. 7 · 0⤊ 1⤋
The attorney is the one you need to watch out for and keep an eye on.
2007-01-15 08:44:15 · answer #6 · answered by reckontheirlife 2 · 0⤊ 1⤋
I say get a second opinion if you feel so strongly.
2007-01-15 08:45:43 · answer #7 · answered by Brandi D 2 · 0⤊ 0⤋