Q: My uncle passed away about 5 years ago , my dad is only surviving sibling. How can my dad gain the rights to those funds
Pertaining to property and bank accounts
A: Hello and thank you for using JUSTIA.In order for your Father to inherit from his brother, your Uncle, the
A:
Hello and thank you for using JUSTIA.
The order of Inheritors is as follows;
First are the children and descendants. If none then we go to Parents and ascendants. If none we then go to spouse. If none we go to siblings. At this level all siblings inherit dead or alive. Those that have died are replaced by their children.
An Estate must be created for your Uncle and any other deceased sibling. This is known as Probate. Each Probate has a cost of $ 1,500.00 and includes the while process. Once the Probate is done then the inheritors do the liquidation of the Estate which is get the funds. The liquidation process has a legal cost of 15% and can be done by the inheritors at no cost
If you need additional information feel free to contact me directly.
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