Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Hi,
A friend of mine who used work in the United States of America, died few months ago in India while he was on a visit. His family is not aware of his assets in the US and the procedure to follow to claim them. It would really be helpful if someone can advise the procedure.
Thanks & Regards,
Deepa

Generally, his family can contact his former employer, with sufficient proofs of their relationship. The employer can provide his last known address, as well as any information as to wages due, financial instruments held in his name, i.e. life insurance policies, investment vehicles, stock, and the like. If he had "direct deposit" of his wages, the employer may have the name of the financial institution holding his funds.

However, in this day of internet fraud/ scams, the probability of receiving any information from the employer without clear and compelling evidence that the persons presenting themselves as "family" (parents, brothers, sisters) are who they claim to be is nil.

I would recommend that the family contact the Indian embassy/ consulate closest to his last known address and invite them to solicit the services of a US attorney who can investigate the matter and represent the family's interests.

If there is no Will, and no record of immediate family, depending on the State where he lived, his assets could be claimed by that State after a reasonable period of time.

Regards,

PALADIN

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™