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I'm in a difficult situation. I try to keep it short.
A friend of mine just died. I currently don't live in the U.S. My friend would always help me if I had to pay something in the U.S. (student loan). I gave him a debit card to an account I created just for this purpose. Whenever I wanted him to deposit money into my account in the U.S. , I deposited the money here and he would go to the ATM in the U.S., get the money, deposit the money into his account, and then send it to me.
He moved to SC 2 years ago or so, but wanted to keep his Chase account. Since there's no Chase in SC, he got a money order and send the money order to Chase so they would deposit it, and then he could send it to me. Sadly, he suddenly died before he could send the check to my account.
So there are 1000 Dollars in his bank account that actually belong to me. He was at the hospital in December and had some bills to pay. They put him on a payment plan, I think. He had no children or wife. His sister will probably handle everything.
From what I understand, the estate will be responsible for paying the hospital debt. The money in the account won't be enough the hospital debt.Therefore, it seems that I did not just lose a dear friend, but also my money.
I don't know if a court would separate my money from his, but it would cost me more than this to travel to the U.S. and take care of this. I don't know if the sister has the power of attorney, but I'm assuming any money in his account would still first be used to pay any outstanding debts.
Whenever I wanted him to deposit money into my account in the U.S. , I deposited the money here and he would go to the ATM in the U.S., get the money, deposit the money into his account, and then send it to me.
IS it me, or does this make zero sense?
OP, you are lamenting the potential loss of $1000 more than the actual loss of your friend.
Sounds like you considered traveling to the US to claim the money, but not to go to your friend's funeral!
OP, you are lamenting the potential loss of $1000 more than the actual loss of your friend.
Sounds like you considered traveling to the US to claim the money, but not to go to your friend's funeral!
I'm in a difficult situation. I try to keep it short.
A friend of mine just died. I currently don't live in the U.S. My friend would always help me if I had to pay something in the U.S. (student loan). I gave him a debit card to an account I created just for this purpose. Whenever I wanted him to deposit money into my account in the U.S. , I deposited the money here and he would go to the ATM in the U.S., get the money, deposit the money into his account, and then send it to me.
He moved to SC 2 years ago or so, but wanted to keep his Chase account. Since there's no Chase in SC, he got a money order and send the money order to Chase so they would deposit it, and then he could send it to me. Sadly, he suddenly died before he could send the check to my account.
So there are 1000 Dollars in his bank account that actually belong to me. He was at the hospital in December and had some bills to pay. They put him on a payment plan, I think. He had no children or wife. His sister will probably handle everything.
From what I understand, the estate will be responsible for paying the hospital debt. The money in the account won't be enough the hospital debt.Therefore, it seems that I did not just lose a dear friend, but also my money.
I don't know if a court would separate my money from his, but it would cost me more than this to travel to the U.S. and take care of this. I don't know if the sister has the power of attorney, but I'm assuming any money in his account would still first be used to pay any outstanding debts.
*You* have no money as the account is in the deceased name. Far as the law, bank and courts would be concerned whatever arrangement you and the departed had was a private agreement that is now ended.
Once advised of the death a bank account is closed and becomes part of the estate. Either the executor, heir or probate court will determine what happens to any remaining funds. You are correct in that any funds coming out of the account will be paid "by the estate of....."
If you can put forward something in writing proving this arrangement with your now deceased friend try finding out who is handling the estate. He or she may agree to *return* your money but I shouldn't count upon.
You have a claim on the estate. If the estate does not have enough money then you, as well as others, will not get paid.
You have to present your claim to the estate. The estate should probably advertise for creditors in the local newspaper but this could take some time and finding the advertisement maybe difficult.
I would send a letter to his address addressed to the Estate of .... Hopefully this will be passed on to the executor. I would also send a letter to the sister and ask her who the executor of the estate is so you can present your claim.
The legal papers will be filed in the court house for the county he lived in. Write the court house and ask who is the legal representative. Do an internet search and you should find the correct department.
I'm in a difficult situation. I try to keep it short.
A friend of mine just died. I currently don't live in the U.S. My friend would always help me if I had to pay something in the U.S. (student loan). I gave him a debit card to an account I created just for this purpose. Whenever I wanted him to deposit money into my account in the U.S. , I deposited the money here and he would go to the ATM in the U.S., get the money, deposit the money into his account, and then send it to me.
He moved to SC 2 years ago or so, but wanted to keep his Chase account. Since there's no Chase in SC, he got a money order and send the money order to Chase so they would deposit it, and then he could send it to me. Sadly, he suddenly died before he could send the check to my account.
So there are 1000 Dollars in his bank account that actually belong to me. He was at the hospital in December and had some bills to pay. They put him on a payment plan, I think. He had no children or wife. His sister will probably handle everything.
From what I understand, the estate will be responsible for paying the hospital debt. The money in the account won't be enough the hospital debt.Therefore, it seems that I did not just lose a dear friend, but also my money.
I don't know if a court would separate my money from his, but it would cost me more than this to travel to the U.S. and take care of this. I don't know if the sister has the power of attorney, but I'm assuming any money in his account would still first be used to pay any outstanding debts.
My money??? You mean HIS money?
This is what is yours: $0
Your cash cow is gone.
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