What to do if after my mother passed away she was left stock by a relative which was then taken by her siblings?
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What to do if after my mother passed away she was left stock by a relative which was then taken by her siblings?
Do I have no rights to it I? My brother was her beneficiary.
Asked on March 14, 2014 under Estate Planning, Texas
Answers:
Anne Brady / Law Office of Anne Brady
Answered 10 years ago | Contributor
If she had a will and left everything to your brother, then everything should have gone to him, not to her siblings. Likewise, if your brother was a pay-on-death or life insurance beneficiary, everything should have gone to him. I can not imagine how the siblings "took" the stock, unless the siblings were all co-owners of stock in a company that had a pay-on-death provision that stock would go to surviving shareholders.
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