“Found money” $100,000 belonging to long dead father - but in brother’s name?

[Anonymous]

My dad abruptly passed away decades ago, my mother more recently passed away. Her estate has long since been settled. I looked at a found money website and there is roughly $100,000 in my dad’s name from seemingly old stocks and bonds (as best as I can tell). But my brother’s name is listed as the secondary name.

I have not yet mentioned this to my older brother who is my only sibling (1 son, 1 daughter). Does he legally have to split it with me (would if I have to put up a challenge?) or should he morally split it with me? We are close and he is far more successful than me - but he is a miser about money.

[Anonymous]

Anonymous wrote:My dad abruptly passed away decades ago, my mother more recently passed away. Her estate has long since been settled. I looked at a found money website and there is roughly $100,000 in my dad’s name from seemingly old stocks and bonds (as best as I can tell). But my brother’s name is listed as the secondary name.

I have not yet mentioned this to my older brother who is my only sibling (1 son, 1 daughter). Does he legally have to split it with me (would if I have to put up a challenge?) or should he morally split it with me? We are close and he is far more successful than me - but he is a miser about money.

his morality has nothing to do with it. if you are real, it's your brother's money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My dad abruptly passed away decades ago, my mother more recently passed away. Her estate has long since been settled. I looked at a found money website and there is roughly $100,000 in my dad’s name from seemingly old stocks and bonds (as best as I can tell). But my brother’s name is listed as the secondary name.

I have not yet mentioned this to my older brother who is my only sibling (1 son, 1 daughter). Does he legally have to split it with me (would if I have to put up a challenge?) or should he morally split it with me? We are close and he is far more successful than me - but he is a miser about money.

his morality has nothing to do with it. if you are real, it's your brother's money.

+1 If you're brother was listed as a joint owner, or even full beneficiary, it's his money. You don't know where the money came from or why he was listed on the account. It's not your business.

[Anonymous]

If he’S listed in the account then he’s the owner. He doesn’t have to split it with you unless you are listed in the account as a beneficiary.

[Anonymous]

He doesn't have to split it with you, but even a miser may pay you a finder's fee considering accounts don't show up on those sites unless there's an indication they've been completely forgotten about.

[Anonymous]

While the above posts are likely to be accurate, you will not know for certain until you investigate further.

If you were an heir to your father's estate, consider placing a claim under your name to get more info.

Did your parents divide their estate equally between you & your brother ? If so, then that may have been their intention regarding all assets in their joint & respective estates.

In short: You need more information. Place a claim under your name as a beneficiary of both parent's estates/joint estate.

[Anonymous]

Anonymous wrote:While the above posts are likely to be accurate, you will not know for certain until you investigate further.

If you were an heir to your father's estate, consider placing a claim under your name to get more info.

Did your parents divide their estate equally between you & your brother ? If so, then that may have been their intention regarding all assets in their joint & respective estates.

In short: You need more information. Place a claim under your name as a beneficiary of both parent's estates/joint estate.

Is your brother older than you ?

If so, then your brother may have been listed because you were not born yet, or because you were still a minor & your brother was an adult legally.

You may or may not be surprised at what you discover. Just file a claim under your name as an heir.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My dad abruptly passed away decades ago, my mother more recently passed away. Her estate has long since been settled. I looked at a found money website and there is roughly $100,000 in my dad’s name from seemingly old stocks and bonds (as best as I can tell). But my brother’s name is listed as the secondary name.

I have not yet mentioned this to my older brother who is my only sibling (1 son, 1 daughter). Does he legally have to split it with me (would if I have to put up a challenge?) or should he morally split it with me? We are close and he is far more successful than me - but he is a miser about money.

his morality has nothing to do with it. if you are real, it's your brother's money.

+1 If you're brother was listed as a joint owner, or even full beneficiary, it's his money. You don't know where the money came from or why he was listed on the account. It's not your business.

Our dad died when we were both unmarried young adults. What other context are you implying? They weren’t business partners or anything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:While the above posts are likely to be accurate, you will not know for certain until you investigate further.

If you were an heir to your father's estate, consider placing a claim under your name to get more info.

Did your parents divide their estate equally between you & your brother ? If so, then that may have been their intention regarding all assets in their joint & respective estates.

In short: You need more information. Place a claim under your name as a beneficiary of both parent's estates/joint estate.

Is your brother older than you ?

If so, then your brother may have been listed because you were not born yet, or because you were still a minor & your brother was an adult legally.

You may or may not be surprised at what you discover. Just file a claim under your name as an heir.

Yes, not quite two years older than me.

[Anonymous]

Anonymous wrote:While the above posts are likely to be accurate, you will not know for certain until you investigate further.

If you were an heir to your father's estate, consider placing a claim under your name to get more info.

Did your parents divide their estate equally between you & your brother ? If so, then that may have been their intention regarding all assets in their joint & respective estates.

In short: You need more information. Place a claim under your name as a beneficiary of both parent's estates/joint estate.

It was so freaking long ago and he died abruptly. I never saw a will, I doubt he had one. I’m pretty sure my mom just got everything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:While the above posts are likely to be accurate, you will not know for certain until you investigate further.

If you were an heir to your father's estate, consider placing a claim under your name to get more info.

Did your parents divide their estate equally between you & your brother ? If so, then that may have been their intention regarding all assets in their joint & respective estates.

In short: You need more information. Place a claim under your name as a beneficiary of both parent's estates/joint estate.

It was so freaking long ago and he died abruptly. I never saw a will, I doubt he had one. I’m pretty sure my mom just got everything.

Then you need to see precisely how the "found money" was titled. It may have gone to your mom and then may pass according to her will.

There are several factors that can affect this found money. For example: Did your parents live in a community property state ?

[Anonymous]

Isn’t it likely just one of those accounts when you signed up it asked for a single beneficiary name in the event of death and you may put a child because they’re younger than a spouse and/or you and the spouse could die together in a car accident? It doesn’t ask you to list all or in this context both children. It’s been a while since I’ve filled out something like that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My dad abruptly passed away decades ago, my mother more recently passed away. Her estate has long since been settled. I looked at a found money website and there is roughly $100,000 in my dad’s name from seemingly old stocks and bonds (as best as I can tell). But my brother’s name is listed as the secondary name.

I have not yet mentioned this to my older brother who is my only sibling (1 son, 1 daughter). Does he legally have to split it with me (would if I have to put up a challenge?) or should he morally split it with me? We are close and he is far more successful than me - but he is a miser about money.

his morality has nothing to do with it. if you are real, it's your brother's money.

+1 If you're brother was listed as a joint owner, or even full beneficiary, it's his money. You don't know where the money came from or why he was listed on the account. It's not your business.

+1

[Anonymous]

It is possible you are also listed as a beneficiary but it's not showing up on the list (maybe it's only 1 name)?

Or was your brother listed as the beneficiary before you were born?

Or maybe it was a gift for your brother? Although he would probably have had a record of that.

It's worth $100k now, but might have been only a small amount at the time it was purchased.