Q: My mom had stocks why isn't it listed on the probate final accounting,?
Their is no documentation for stocks. The estate checking account had a vanguard deposit. It sat for 1 week than removed then we got paid a sizable dirct deposit from vangard.
I don't understand. Why it isn't listed.
A: I could be wrong, but it certainly sounds like the Vanguard account was set up to pay on death to the beneficiaries. This would explain why you subsequently received a large payout from Vanguard. It would also explain why a payment might have gone to a bank account and then was removed. Property that is payable on Death is not part of the Probate Estate and is not included in an Inventory because it does not need to be "probated." It seems as though you are extremely suspicious about the handling of the estate -- this happens frequently. My suggestion is that you contact the Personal Representative or the Attorney for the Estate for a better explanation. Assuming you are a beneficiary, the attorney should be willing to speak with you and give you a better explanation of the process to allay your fears and mistrust.
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