Legal Question in Wills and Trusts in New York
My sister passed away and named me a beneficiary of her investment fund. Is the amount that was in the account on the date of her death the amount I should receive? Her financial advisor requested a death certificate and then based the amount I received on the day she received the death certificate which was considerably less than the amount in the account on the date of her death.
Asked on 9/09/10, 12:32 pm
1 Answer from Attorneys
Locksley Wade
Law Office of Locksley O. Wade
It all depends on the fund's investments and whether there was a change (buy or sell) after they received notice of your sister's death.
Answered on 9/18/10, 8:22 am
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