Legal Question in Wills and Trusts in New Jersey
My grandmother has given my mother gifts over the years of bonds. Sadly, my mom unexpectedly passed away last year, and it is my understanding that since my grandmother's name is on the bond, the ownership passes to her. My grandmother is 100 years old and lives in a nursing home and has dementia and other ailments and would not be able to sign bonds, etc. My question is, since my dad now has my mom's estate, is he able to redeem the bonds?
2 Answers from Attorneys
I need more info to tell you what to do. If your dad has a power of attorney, he can take action easily; if not, you will need more help, and maybe need to go to Court.
I can help you with this. And I will tell you up front what it will cost to do this for you.
Give me a call, make an appointment to come see me, and let's get moving on this for you. No charge for the telephone call and no charge for the first office visit.
Robert Davies, Esq. 201-820-3460
The Davies Law Firm, P.A.
45 Essex Street, Suite 3 West
Hackensack New Jersey 07601
Phone: 201-820-3459
Fax: 201-820-3461
Email: [email protected]
Website: AttorneyRobertDavies.com
Please keep in mind that my response is just a general comment on your question, and not legal advice. I have answered based upon the law of the State of New Jersey where I practice; the laws in other states may be very different, and may result in very different outcomes. Your question and any response does NOT create an attorney-client relationship between you and this law firm. The exact details of your situation and things that you have not mentioned in your question can completely change the response I gave. You can not rely upon what I have written as legal advice, because I do not have all of the information that I need to advise you, I only have the very small amount of information that you put into your question. To get legal advice that you can rely on and use, please contact me directly.
If your grandmother does not have a guardian or signed a power of attorney, you will have to go to court to have a guardian appointed to anything for her. The bonds are now part of her estate unless they are signed over after a guardian is appointed. You or your father need to talk to an attorney about this and your mother's estate. If you call me, the first consultation is free and I will tell you what the cost will be to do the right thing.
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