Q: Is there anyone NOT afraid to sue FIDELITY INVESTMENTS for elder abuse and breach of contract/ fiduciary duty?
for over a year fidelity has been holding my mothers money, she had a stroke named me as power of attorney snd they refuse it and now she has no access to her money and is sick and cannot pay her bills or get her medications etc because. they blocked her account she has been there for 40 Years and its ridiculous
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A: What is the reason they do not wish to honor the power of attorney? Was it drafted by an attorney on the New York Short Form? If it is a valid POA, they can be compelled to honor it. Otherwise, you would need to apply for guardianship of your mother.
Jack Mevorach agrees with this answer
A:
You should be able to easily find a litigation attorney to handle this for you.
Jack
A: I am not interested in suing Fidelity, but your mother should get the money released using your power of attorney. I would focus on that issue, and you may need a lawyer to prod the right people at Fidelity.
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A: Read whatever Fidelity documents you have. Jurisdiction may be stated, or more likely, your lawyer will have to determine what Court to sue in. Trustees/Administrators take advantage of multiple jurisdictions applying, making it expensive and difficult to recover assets for the deceased investor's beneficiaries or next of kin. NY may have nothing to do with it, and you will need an attorney elsewhere.
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