Q: My grandfather has a joint Banco popular account with my mother she has passed. Now its frozen for 2 years please help
My sister was head of my mother's estate and knowing that account wasn't my mother's she informed the bank about my mother's death. She never listed the account in probate court and never helped get the account reopened it's been closed now for 2 years now and my grandfather can't get Access to his account the bank wants him to go the the bank in PR he is 95 years old and he can't travel. We need help getting his account opened it's his life savings. Thank you for your time Dan
A:
Unless someone does something before your grandfather passes Banco Popular will win. If they have not been doing it already, Banco Popular will start service charging the account each month, draining off as much money as possible before the government of Puerto Rico requires them to turn over whatever is left of your grandfather's money to the Puerto Rican government; the legal process is called escheatment (no pun intended).
Fortunately, there are some very experienced Florida lawyers who understand how international banking really works and can advise you and the family how to go about getting Banco Popular to obey international banking laws. The process is not very expensive. Look for experienced lawyers with international banking knowledge here on Justia and contact one.
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