whats is a mutual funds reinvestment book shrs?

Question

if untouched since the 1970s forgotton about..owner is deceased relative

there is no will Its in the comptrollers hands ..Im the only one entitled to this deceased person money.I want to know if it will be much money considering none has added to it or taken from it in 33 yrs. Im assuming its an insurance policey through the deceased persons employment that was abandoned and turned over to stock. Now sits in the states unclaimed funds dept

Answer 1

It is hard to understand your question.It is normal for income from mutual funds to be invested in more shares of the same fund.

If the shares are in someone elses name and they have died, this makes up part of their estate and will be cashed and distributed under the terms of the will and this will be done by the executor of the will..

If you have proof of shares, of a person who died, and they were not actually legally left to you, you should contact the executor of the will or the lawyer who handled the affairs on death.

The mutual fund company will not deal with you unless you have legal authorization to cash shares.

Answer 2

call the comptrollers office they could help you more