AboutJim Meadows Expertise I can respond to most questions concerning consumer and business relationships with US financial institutions. My expertise touches on deposit and loan issues and particularly on strategies to navigate through bank policies personell and practices. I have a degree in Economics, attended law school, Graduate Shool of Banking, and Commercial Lending and Compliance Schools.
Experience I have twenty years experience as a bank CEO. Most of those years were spent operating a bank focused primarly on serving consumer/retail needs. I helped pioneer deposit and loan products for low/moderate income individuals. I currently serve on multiple bank boards and am Chairman of a Commercial Bank in Atlanta.
Question Hi Jim
I recently found a banking deposit/withdrawal slip that my grandmother had for a "secret account" she kept in my name and hers. She passed away 10 years ago and her stepson took the assets. My question is that the bank is no longer in business (The Bank of Seattle or University Federal Savings and Loan?) Is there any way to find out if the money is still in her name or has it disappeared over the years? Any suggestions welcome :)
Thank you, Justine
Answer Justine, "Stepson took the assets". I assume you mean that he took all but this asset. If he did take funds from this account, you may have a claim against the stepson for the balance of the account at the time of your grandmother's death. It doesn't hurt to ask. If he did not close this account, there is a chance that it "escheated" to the state. Google "unclaimed property" and the state of your grandmother's account and follow the instructions. Good Luck, Jim
