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Table of contents
- Lost Inheritance: How To Find a Deceased Parent’s Assets
- Account Options
- The Sting of a Lost Inheritance - All About Estates
- Introducing a New Look and New Features
These articles are intended to provide general resources for the tax and accounting needs of small businesses and individuals.
Service2Client LLC is the author, but is not engaged in rendering specific legal, accounting, financial or professional advice. Readers are encouraged to contact a professional regarding the topics in these articles. The images linked to these articles are protected by copyright and should not be copied for any reason. Your email address will not be published.
Lost Inheritance: How To Find a Deceased Parent’s Assets
September 1, Show all. Start at Home If your parent used a computer, you should get access to his file folders and dig into his email account to see if he received any electronic communications from financial companies. Move to the Internet Check unclaimed property lists at every state where your father lived. Related posts. Leave a Reply Cancel reply Your email address will not be published. You will need to send them certain documents to verify your parent is deceased or a durable power of attorney document if he is incapacitated.
Check unclaimed property lists at every state where your father lived.
Account Options
Get started at Unclaimed. Also search at MissingMoney. These professionals have the tools and expertise to find offshore accounts, shell companies and other types of financial accounting practices. You also may want to share your task with your own financial advisors. This is a common problem and there are experts to help you work through it — but it will likely take time, patience and a lot of paperwork. These articles are intended to provide general resources for the tax and accounting needs of small businesses and individuals.
The Sting of a Lost Inheritance - All About Estates
Service2Client LLC is the author, but is not engaged in rendering specific legal, accounting, financial or professional advice. Readers are encouraged to contact a professional regarding the topics in these articles. The images linked to these articles are protected by copyright and should not be copied for any reason. The Ohio wrongful death statute specifically provides for the recovery of a lost prospective inheritance.
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Where statutes do not specifically provide for this element of damages, the statutes have often been interpreted to cover such damages. Duplication is a potential problem when a claim for lost support is intertwined with a claim for lost prospective inheritance.
Introducing a New Look and New Features
For example, suppose a surviving spouse sues for both elements of damages at the death of a partner. If future accumulations to the estate are contained in the estimate of lost spousal support, then including a separate item for lost prospective inheritance would double count damages.
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It is also possible that a lost prospective inheritance can double count an inheritance that was already paid out. The plaintiff is likely to have already received an inheritance at the actual death of the victim.
Consequently, it is important that the value of the current estate not be included in the hypothetical value of the lost prospective death estate. The lost prospective inheritance should only include that part of a future inheritance that could not be replaced by the reinvestment of the current inheritance received by the plaintiff, hi other words, it should not include any of the benefits that the plaintiff has already received from the untimely death of the victim.
Life insurance payments are likely to affect both the size of the current estate and the future estate.
In most jurisdictions, however, these payments will represent a collateral source that is exempt from consideration. Were the payout included in the analysis, a decreasing term policy would increase the value of the current estate relative to any future payout. Furthermore, accumulations in whole life policies intended for disbursement in retirement would also reduce the value of the future estate.