I cannot find my brother and he is legally entitled to half of my late Fathers estate. What happens to his half if he cannot be located?
2007-08-05 14:11:42 · 5 answers · asked by jncorners 3 in Politics & Government ➔ Law & Ethics
well depending on what the law is in your country .........it gets put into a trust, until he is either located or if he passes on, then his decendants get his share of the estate...Sometimes it is put into the governments hand or the courts......so find your brother or his family!
2007-08-05 14:19:06 · answer #1 · answered by ask me a 3 · 0⤊ 0⤋
It should be put in a trust until he can be located. There may be a statue of limitation on how long it would be held there so you might want to contact the estate lawyer and get legal advice and make sure everything is done legally to protect you if you can, by chance, get the money later. If you get it later and he returns/is found, you may still have to give him his fair share so invest wisely so his amount with interest will be there waiting for him and you won't have to pay out of pocket.
2007-08-05 14:52:24 · answer #2 · answered by KittyKat 6 · 0⤊ 0⤋
The proper way for the executor to handle it is to put the proceeds into a trust, until he can be located.
Each state also has a defined period of time, after which he is deemed to forfeit his share. Check you local listings.
2007-08-05 14:14:07 · answer #3 · answered by coragryph 7 · 0⤊ 0⤋
in 7 years goes to the state
2007-08-05 14:14:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
anyone can be located if you try enough.
2007-08-06 00:50:25 · answer #5 · answered by njyogibear 7 · 0⤊ 0⤋